Donald Eggers
Rent by the Room
26 June 2024 | 2 replies
Purchase price: $376,000 Cash invested: $20,000 House hack owner-occupied investment turned to long-term hold.
Matt Hubert
Advice on Using Equity
26 June 2024 | 4 replies
Cash-Out Refinance: If you refinance the property, you can pull out cash based on the equity, which can be used for down payments on BRRRR properties.Collateral for Loans: The farm can be used as collateral for obtaining loans for other investment properties.BRRRR Investments:Immediate Cash Flow: BRRRR properties will likely generate some positive cash flow right away.Faster Turnover: BRRRR allows you to recycle your capital more quickly, aiding rapid portfolio growth.Initial Investment: $60,000 can potentially fund multiple BRRRR properties, providing diversity and multiple income streams.Farm Investment:Emotional Value: Maintaining the farm within the family has intrinsic value that cannot be quantified.Long-Term Appreciation: The farm's value may appreciate significantly over time, providing a substantial future asset.Monthly Cost: The $400 monthly cost needs to be factored into your budget, as it’s a non-cash-flowing asset in the short term.Decision Points:Emotional vs.
YuYing Chen
The Journey of a Rookie
28 June 2024 | 17 replies
But I would have the access to the MA MLS also, that can be helpful in terms of wholesaling.
Jason D.
Unneeded Repair Letter Request Letter from Tenant
28 June 2024 | 13 replies
I did extend the offer for them to break the lease but I expect them to reject it because they really want to stay on their terms (e.g. me replacing the carpet).
Ahmad Moore
Cash Out Refinance
26 June 2024 | 45 replies
What was the reason behind the term change?
Julie Muse
Quick Profit on Pennsylvania Ave: Whole-tailing Success with Matt Rzodkiewicz
28 June 2024 | 1 reply
Our combined expertise and strategic approach enabled us to negotiate favorable terms, ensuring a successful whole-tailing transaction for Partner Driven.
Andrew Postell
How a Declared Federal Disaster Area can help property owners and tenants
28 June 2024 | 1 reply
The SBA assistance is in the form of a low interest rate loan.
Timothy Zuehl
Considering Akron OH for first deal
26 June 2024 | 4 replies
I was wondering if buying a long term rental property with tenants already in place in a market that is up 20% yoy is a good investement or not. the rough numbers ive been running seem to have a decent cap rate but the house is about 15k more than the zipcode average.
Stephen Burch
New to Investing here
27 June 2024 | 6 replies
I have my full VA loan to utilize to initiate my investment goal pursuit.
Fred Herrman
My First Flip in Bakersfield, CA
26 June 2024 | 6 replies
The other lesson I learned is that the right fit for me in this investing process is to long term hold the properties I purchase, rather than flip them, unless market conditions are so good that flipping makes sense.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?