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2 January 2025 | 9 replies
While you might find a lender offering low down payment options, you'll still need cash reserves for repairs, maintenance, emergency fund (ideally 3-6 months of expenses), etc.
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7 January 2025 | 8 replies
Begin with a small property like a duplex or triplex, build a strong financial foundation, and keep 6-12 months of reserves for emergencies.
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7 January 2025 | 5 replies
If you’re considering leveraging hard money lending (HML) for this flip, it could be a strong alternative to traditional financing—especially since HML is quicker to secure and designed for investors aiming to flip properties fast.With HML, you’re typically looking at covering a significant portion of both purchase price and rehab costs, which keeps more of your cash free for other expenses or emergencies.
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28 January 2025 | 19 replies
Address potential risks by explaining strategies like maintaining emergency reserves, purchasing proper insurance, and conducting thorough due diligence.
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12 January 2025 | 8 replies
We all know this.Let's see how many days we have to wait before another "wholesaling is crap" post emerges in the wholesaling group!
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23 January 2025 | 15 replies
Be sure to have funds you can tap in case of emergency or inevitable market dips. - Most Fortune 5000 (and others) companies do this.
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11 January 2025 | 9 replies
Ask yourself if you’re confident you can achieve a higher return by putting that money into another property or investment.Reserves: Do you have a strong emergency fund?
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7 January 2025 | 12 replies
I don’t know how common vacancies are but I would say I could cover about 4-6 month in case of an emergency
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6 January 2025 | 13 replies
Usually a pattern will emerge on a 'normal' deal in your area.
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6 January 2025 | 11 replies
I learned my lesson and am keeping reserves for emergencies and lower LTV on financing.