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11 February 2025 | 15 replies
This was my seed money to start my business.Aug 2021 - My first rental property was a side by side town house that required me to put down $55K and generated $950 per month in cashflow.
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4 February 2025 | 4 replies
A good condo board should be saving money for larger projects as they are known in advance (eg every 25 years you need a new roof).
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5 February 2025 | 2 replies
My plan is to take the next six months to try and learn as much as possible about multifamily real estate, while also saving up money to be able to start a career in brokerage.
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5 February 2025 | 5 replies
Rents started to come down and I had to leave a lot more money in projects that I was in the middle of.
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14 February 2025 | 12 replies
If you have extra money that you haven't earmarked for additional RE I would do TSM index funds for a truly passive investment.
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1 February 2025 | 10 replies
He's an educator and does make money selling education, but like most of the others doing this, he began by doing deals.
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19 February 2025 | 13 replies
Also, a few private lenders or hard money lenders might have some more creative terms for multifamily, especially if you're open to considering that route.
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27 February 2025 | 11 replies
But that honestly looks like it is all set up to try and be a banking solution (ie, get as many users keeping money in BaseLane's bank accounts so they can make that sweet sweet float on the interest.
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6 February 2025 | 7 replies
In terms of finding a partner, I would recommend partnering with someone who has something that you don't have (understands renovations, real estate experience, has money, etc.)
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3 February 2025 | 3 replies
LLCs tend to be beneficial for financing options if using hard money as it can be required depending on the program.