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12 August 2018 | 2 replies
So if I start with a duplex or a quad as my first property my goal would be to have a net cash flow of $500I intend to use the "BRRRR" (Buy, Rehab, Rent, Refinance, Repeat) method but have never used this strategy before so I still have a lot to learnIf I only close on two deals starting in 2019 then I will need to find another 20 deals in the remaining four years (2020-2024) that also meet this criteriaBeyond 2024 I plan to continue to scale even more over the next 3-5 years with an end goal of financial independence by ~2030 (meaning that I will not work a "day job" but will passively manage my real estate portfolio)Biggest hurdle: I'm going to be living outside of the US for the next 3 years and will (likely) not be able to physically see any properties that I plan to purchase.
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15 August 2018 | 16 replies
For commercial buildings, we usually use an LOI instead of an offer and it lays out due diligence (i.e. physical inspections, rent audits, T-12) before the P&S is even signed.
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20 November 2018 | 9 replies
I want to start investing in Georgia since this is my primary residence and being physically here will help me learn all that I can with my first deal.
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15 August 2018 | 16 replies
Some might require that the business operates regularly within the jurisdiction or have a physical presence there or have employees there.
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15 August 2018 | 11 replies
I started out with sweat equity, moved to the point where it was a contingency plan if something went wrong, and now I am rarely involved the physical side of remodel projects.
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29 December 2018 | 23 replies
My skill sets at this point are in the physical labor aspect of rehabbing.
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16 August 2018 | 18 replies
Of course this advice is totally useless if you decide to physically move out of state ;-)
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8 September 2018 | 1 reply
Hello BP,I highly prefer audiobooks and the ratings are fantastic on audible, but I also don't want to be missing out on any forms/content that will be provided from the digital/physical book version.
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3 May 2020 | 8 replies
If they're on disability and don't have a job or a large volunteer commitment and they're not obviously physically disabled, get a full confidentiality release of their mental health history so you can determine if you can cope with having them as a tenant.
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20 August 2018 | 10 replies
For FHA, here are the stipulations for military out of HUD 4000.1: "(7) Military Personnel Eligibility (a) Standard Borrowers who are military personnel, who cannot physically reside in a Property because they are on Active Duty, are still considered owner occupants and are eligible for maximum financing if a Family Member of the Borrower will occupy the subject Property as their Principal Residence, or the Borrower intends to occupy the subject Property upon discharge from military service.