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12 December 2024 | 5 replies
There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.
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10 December 2024 | 26 replies
Most fields to become world class at something take 5 to 10 years of consistent work and improvement on a daily basis.Today about 21 years in with commercial real estate I have tons of business and also properties I can purchase.
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19 December 2024 | 82 replies
•Target a property in the $800K–$1M range to maximize leverage while keeping costs manageable.2.Open a Second LLC:•Create a new LLC for this property acquisition to separate liabilities and maintain a clean structure.3.Assign Funds & Organize Finances:•Allocate funds to property improvements, marketing for new deals, and reserves for emergencies.
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11 December 2024 | 8 replies
I appreciate your response and hopefully we will get a chance for an in-person at one of the meetups.
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6 December 2024 | 11 replies
Learn by doing, not by paying.You can do all the right things after spending $40,000 on mentoring and not end up with any real estate.If you invest in a project.....very low chances you end up with nothing.
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17 December 2024 | 14 replies
So when you close with people, you'll have a chance to scale.
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10 December 2024 | 5 replies
* House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?
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5 December 2024 | 6 replies
I’ve heard great things about your meetups, although I never had the chance to make it out to one.
10 December 2024 | 2 replies
Gives you the highest chance of winning the offer with the seller and avoid all cash.If you have any specific questions feel free to reach out or email me I enjoy helping and talking REI.Thank you for this!!!
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10 December 2024 | 0 replies
After some minor maintenance projects and improvements, have had very few issues and cashflow has been slightly better than expected.