13 January 2025 | 21 replies
When you can communicate both your strategy and criteria (and are financially credible), you can leverage your network and get meetings with brokers who are willing to shop for you.
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8 January 2025 | 6 replies
@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.
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7 January 2025 | 7 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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6 January 2025 | 9 replies
Your $30k should be your emergency fund and not used for new investments at this time.Consider talking to a CPA or financial advisor.
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13 January 2025 | 15 replies
I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.
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7 January 2025 | 4 replies
@Serge Hounkponou Recommend you first figure out the property Class you want to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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7 January 2025 | 12 replies
If you can get financial support to get a duplex/triplex, I would recommend this.
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14 January 2025 | 37 replies
In this instance, there is no control and just hope.I would ask for financials, what happens if rates do not go down, and really get a better understanding.
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15 January 2025 | 11 replies
I knew I was adequately insured and had zero risk of financial consequences.
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8 January 2025 | 5 replies
@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?