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6 December 2024 | 4 replies
I love researching and gaining knowledge from people who are more experienced than I am.
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15 December 2024 | 59 replies
Rent out to roommates so I employ the "rent by the room" essentially.Pros:insane cash flowif your room offer is much better value than other places to live, tenants will stay awhilea small community can be built when your tenants become friends with eachothernever ending supply of tenants (at least in my area)Cons:CAN BE management intensiveWILL BE management intensive until you gain experience and know how to manageIf you employ this strategy, the BIGGEST risk/liability mitigator is being VERY clear from the start about your expectations and that you will evict if new tenant doesn't follow your rules.With my setup - I furnish the rooms and have all utilities covered.
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6 December 2024 | 4 replies
Then don't rehab for zero COC return.But if you can spend $3000 on the lite rehab and increase rent from $1000 to $1050 then you'd gain $50 per month.50 x 12 = $600 more annually because you rehabbed.600 / 3000 = .2 or a 20% cash on cash return!
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30 November 2024 | 0 replies
By gaining insight into the investor’s goals—whether it’s flipping properties, acquiring rental units, or developing new constructions—the broker can tailor their approach and identify the most suitable lending options.Once the broker comprehends the investor's needs, they leverage their extensive network of private lenders.
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9 December 2024 | 0 replies
We sold a $330k rental property with almost no base so we need to do an 1031 exchange of roughly $300k to offset capital gain.
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17 December 2024 | 13 replies
Others may see it differently but I wanted to share as someone that has nothing to gain by sharing or not.
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7 December 2024 | 13 replies
I used tools like BiggerPockets to analyze deals weekly, and building a reliable team and networking with experienced investors helped me gain confidence.
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5 December 2024 | 25 replies
.: Thank you for this very valuable insight.
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3 December 2024 | 21 replies
But as I mentioned, IMO you dont loose a whole lot by having it and stand a chance to gain for little extra cost.
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5 December 2024 | 1 reply
Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations