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27 December 2024 | 19 replies
We are using RentRedi for screening.
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27 December 2024 | 2 replies
We are ready to continue investing and are interested in traditional financing but want to learn more about Subject To and private equity and other creative financing methods.
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27 December 2024 | 4 replies
I wanted to share the numbers and want to make sense if it's a good deal for us according to what we are looking for.Price: $450k (agent said that we can get it down to $420k)2 Units (1 bedroom in each unit)Mortgage with 3 year fixed comes up to around $2.3kInsurance and tax is roughly $400Rent per unit is $1.4k so if we move out then total rent comes up to $2.8kThere's a detached ADU (garage) that can give us another $100-$150 if we rent it for storage and there's a scope of converting it into another unit later on.So currently rough calculation says that it can cashflow up to $300 per month.
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29 December 2024 | 1 reply
We are SOL.Example 2.
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24 December 2024 | 13 replies
They are stuck in 2014 when notes were so cheap and easier to make money: now pricing is tight and even just buying to resell is challenging.Note investing can be more passive than other aspects of real estate but still takes a lot of work as well as a lot of experience and knowledge as there are many moving parts that can go wrong
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30 December 2024 | 7 replies
We do what we do and we are good at it.
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26 December 2024 | 2 replies
we have several properties now in McHenry County now, and we are looking desperately for an attorney that covers that area.
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2 January 2025 | 18 replies
Also, it lends itself to unconscious bias because we are more likely to view negatively people who are different than us.
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26 December 2024 | 2 replies
We are currently preparing my real estate strategy, of course using the Bigger Pockets Strategy book, as a previous business owner in another industry, there’s a lot of good and refreshing information here in this Strategy book.
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2 January 2025 | 9 replies
It is really hard to find deals right now because in CT we are still in a seller's market.