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17 December 2024 | 16 replies
I also wouldn't be where I am today in terms of my contacts and relationships with vendors, to be in a position to self-manage confidently out of state.All that being said, if another deal with the same amount of hair on it presented itself to me today, I would pass simply because my risk profile has changed.
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12 December 2024 | 9 replies
However, as @Chad Hale mentioned, only if you can afford it - meaning both financially and mentally (e.g. how stable are both of your jobs, how long will it take you or your husband to find a replacement job, how much you have in reserves, and whether you guys are in a position to withstand that mental stress, etc.)When you mention 8k monthly, I am assuming that's net profit?
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23 December 2024 | 34 replies
My last purchase i am up ~$1m working it very part-time over the last 3 years and i have some small (for the equity position, ~3k/month) cash flow.
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9 December 2024 | 9 replies
And if you're open to checking out another market with strong rents, positive cashflow, and 1% deals - I recommend Columbus OH.
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17 December 2024 | 16 replies
I think there is almost no reason for you to say that it is too complicated when something like a 203k loan can get me a multi family house for a lower interest rate and lower down payment while still being cash flow positive.
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11 December 2024 | 4 replies
After some strategic renovations, the property not only provided positive cash flow but also appreciated significantly over time.Navigating the purchase of Freddie Mac homes can be a bit complex, but with the right approach and due diligence, they can offer excellent investment opportunities.
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9 December 2024 | 15 replies
Quote from @Levi Perl: Hi,Curious if anyone has what to say in terms of how to calculate which one is more worth it: to cash out refi on a Long term rental now at 70% LTV, and walk away with X amount of positive cash AFTER paying all debt, (X is a positive number and significant amount for me), which will allow me to potential get another long term rental and grow portfolio faster, or wait 4 months and cash out 80% LTV, giving me DOUBLE than X.
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11 December 2024 | 37 replies
We had to evict one and the second didn't pay rent for a year.I switched over to GK Houses which is now Evernest and compared to Zeker, the experience has been quite positive so far.
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9 December 2024 | 5 replies
Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.
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11 December 2024 | 13 replies
And we're still seeing deals here that are positive cash flowing with lots of potential for appreciation.