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28 January 2025 | 19 replies
if you try a BRRRR, same thing - you might not get the ARV you were hoping for and so you might have to contribute your own capital.
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26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
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28 January 2025 | 9 replies
So let me see if I can contribute anything that might help you....First, I would ask yourself if you want to hold a rental property in Seattle...?
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13 January 2025 | 4 replies
I'm convinced that making tweaks to my BP profile along with actually being a multifamily investor myself contributes to my lead conversion success.
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15 January 2025 | 15 replies
Quote from @Mary Peale: May I ask which amenities you added that you believe contributed to a revenue boost?
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31 January 2025 | 26 replies
I sure have to learn the terminology and implications of certain aspects and im sure I will but it very much helps having such helpful resources as the contributing folks in the forum here.Thank you all for your support!
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26 January 2025 | 3 replies
All these factors contribute to the average age of first-time homebuyers rising to the highest ever at 38 years old and looking at the demographic data of the population by age, this should result in high demand for rentals over the coming years as a large portion of the population, especially in the Washington D.C.
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9 January 2025 | 2 replies
One of the best ways to engage with the community is to remain active in these forums (reading & contributing).Setting up keyword alerts is a great way to get started.All the best!
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20 January 2025 | 7 replies
This approach will allow you to focus on the financial benefits rather than the day-to-day operational tasks.Additionally, consider how this rental income will contribute to your overall financial picture.
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15 January 2025 | 9 replies
My goal is to structure the investment so I don’t need to contribute any starting capital.