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17 January 2025 | 3 replies
Even if these relationships don't go anywhere, you'll get a lot from just having a couple of calls.Next I would try to find some local investment groups/communities and try to chat with as many investors as you can to get an idea how other's started out in your market.
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16 January 2025 | 7 replies
You are LOSING money because you didn't even raise rents to cover those increases!
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15 January 2025 | 6 replies
We are seeing people move from higher cost of living areas like Raleigh, Durham, chapel hill, and even Greensboro.
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3 February 2025 | 3 replies
-Even if reclassified as real estate, it would still be seen as manufactured or mobile home, and would not appreciate in value.
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21 January 2025 | 2 replies
Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.
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15 January 2025 | 7 replies
Tons of room to negotiate even on market deals.Very few wholesalers, although I made videos about how to do it.
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16 January 2025 | 2 replies
Some banks and lenders will cut you off at 6-7 even if your DTI is below the normal percentage.
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16 January 2025 | 38 replies
Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.Is your wife quitting too?
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29 January 2025 | 68 replies
I would still consider investing in Sunrise but Sun Communities owns everything in my area so I see first hand how they run it and a few park managers I spoke with spoke highly of Sun Communities and even toldme they had applied.
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12 January 2025 | 7 replies
He even agreed to selling me one of his since it’s already performing and ready to go.