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10 June 2024 | 6 replies
Make sure property is “self supporting” meaning sufficient income to produce some cash flow after operating expenses and debt is paid.If one does that, they are set up for a profitable long term hold.If one invests in a prudent manner and is never in a position where they have to sell, they ultimately win.The top or bottom of a market is never known until 6 to 12 months after the fact.I’m a long term investor - my capital is patient.Here’s a question to ponder:If you could buy a property today for $1M, knowing it’s value would drop to $950,000 over the next year but would be worth $1.5M in 5 years, would you buy it today or hope to perfectly time the market and get at $950,000?
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10 June 2024 | 22 replies
The more houses someone has, the more cashflow they can produce and experience they gain.
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11 June 2024 | 46 replies
That's why I like this traditional ML approach, we leverage lots of data to inform our decision about which house is seriously "undervalued"ChatGPT & any AI is just going to give you a summary of the web pages it can find, but it doesn't have all the historic data to calculate on, it's just regurgitating a web page it found.
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9 June 2024 | 40 replies
All 11 were new construction with 8 being SFRs, 1 duplex, and 2 quads that produce an annual income of around $250K a year after all expenses.
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7 June 2024 | 10 replies
I've been scouring the inter-webs for duplexes, but it doesn't seem like that's really a THING in North Dallas.
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7 June 2024 | 15 replies
The only way to address this is with greater transparency, not stonewalling.Honestly, any lender who can't produce something more than a "generic testimonial page" gets a well-deserved "hairy eyeball" from me!
6 June 2024 | 3 replies
The applicant had this RE agent fill out my automated application on the web and did a terrible job of it leaving it amazingly incomplete with a bunch of "N/As" just to try and rush this applicant through.I waited for 48 hours and reposted.
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7 June 2024 | 4 replies
Do you want to increase equity, diversify your investment portfolio, or produce passive income?
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7 June 2024 | 6 replies
Will certainly do so as it sounds like mid-term has the potential to produce better returns.
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7 June 2024 | 11 replies
Hand writing a few hundred letters per year will take up tons of time and likely continue to produce poor results.