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20 January 2025 | 12 replies
Right now, it is incredibly tough to make even a few hundred a month with traditional strategies.
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23 January 2025 | 39 replies
I agree 250 MAP clients is a lot, even in a city the size of Pittsburg.
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27 January 2025 | 29 replies
With the idea you get your 6k back when fund deal/deals MLM all the way sell the futures and the deals that Cogo did pay me off on as you stated took forever to fund and the rates were even higher than mine :) Its just a very good Guru selling his stuff we all know they make the money selling the 6k how to become a lender. :)
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21 January 2025 | 8 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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21 January 2025 | 8 replies
now it's rented out, and you're breaking even each month in rent.
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15 January 2025 | 2 replies
As a investment property lender we saw a lot of success with flips but an even bigger jump in BRRRR success with borrowers holding as long term and short term rentals.
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16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.
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12 January 2025 | 185 replies
Or, there is the even easier MLO direction.
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15 January 2025 | 9 replies
The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.
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21 January 2025 | 10 replies
I also like to check reviews on platforms like Yelp, Google, or even Angi (formerly Angie’s List).