
31 December 2024 | 97 replies
Technically speaking a buyer and a seller being in a dispute on what happens with their earnest money isn't something that would prevent the seller from entering into another contract and selling their property to a different buyer.

16 December 2024 | 3 replies
The challenge is knowing if the listing agent actually tells your offer to the seller or not.For example, if a distressed property is $650k and you want to offer $620k, the listing agent says the lowest the seller may accept is $645k, but is that actually true or made up because the listing agent wants their commission?

18 December 2024 | 4 replies
You’ll often see sales with 100-200% swings within the same area, which makes having deep local knowledge and understanding the nuances absolutely critical.I do this for a living, and even with experience, comping in Detroit can still be challenging.

13 December 2024 | 5 replies
Lastly, while Section 8 tenants can technically apply to any home, it has to be approved for the program, and not every property is eligible.

20 December 2024 | 4 replies
- Network with local agents and investors, so you start getting first crack at new deals.If you can amp up the cashflow on the first duplex, you can use the extra cash to:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- For your next acquisition.One of your biggest challenges will to keep the cash flowing when you move out of a duplex.

19 December 2024 | 10 replies
Then use the extra roommate rent income to pay down your mortgage and look to refi to a lower payment in the future (3-5 years) - so it cashflow when you move out.You could also choose the smaller unit and STR the other unit to generate more cash to pay down your mortgage and refi, so it cashflows when you move out.Bottom line: you'll have to get creative to solve your cashflow challenge!
16 December 2024 | 5 replies
New built for starting out could be a bit challenging.

15 December 2024 | 7 replies
Only challenge (as you and others have touched on) is scalability.

16 December 2024 | 4 replies
That said, there's quite a few homes in that area that have that challenge (no driveway/street parking).

18 December 2024 | 8 replies
I eventually want to buy a house but I think as a novice this will give me some experience and the opportunity to learn the challenges that I will need to overcome once I do buy my property.