Updated almost 2 years ago on . Most recent reply
This is the Year!!
Happy Sunday!
I want to go hard this year with real estate investing! I’ve thought about it to death, but this is the year that I really start.
I have a long term rental here locally and then I purchased a duplex across the country in 2020. Purchased a single-family home used as a short term rental in the same area in 2021. But, I want to figure out “how” to purchase a property every quarter!! “How” (in regards to money) has definitely held me back.
I’m usually super private and I decided that to get what I want is going to require community and putting myself out there.
Best,
Sarah
Most Popular Reply
I miss 2003 prices, when I got started. :D @Jaron Walling
However, I still am able to buy distressed property such as probates, divorce, and so forth. I have been finding tired landlords who carry back for me, particularly on the barrier island in our high priced touristy market. I pay 6% interest only on a 5 year balloon, then refinance with DSCR. The draw to the tired landlord is they get a lump sum from me, and the rest of their equity over time as cash flow to them, spreading out their capital gains taxes.