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23 October 2024 | 7 replies
When looking for a place, look at the sizes of the bedrooms, the lay out and number of bathrooms.
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24 October 2024 | 20 replies
Why do I have to wait if I am only doing a rate and term refinancing.
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22 October 2024 | 2 replies
And they can lay out a plan and how it all works.
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28 October 2024 | 30 replies
After the sale of the company, we have:9-15 months of personal expenses in savings to live off ofStart with $100k cash and do micro flips to avoid the risk of a hard money lender and losing our tail if something doesn't go right or sell quick enoughOnce the house sells, reinvest all the cash back into the next flip and continue doing this until we are doing multiple flips at a time (he can manage 4 large projects at a time by himself, so we assume up to 4 active flips at a time eventually)Pros of doing this:No longer having to manage W2 employees/operations (this used to be my role but now that we have kids I want to stay home, not do this)Getting a larger chunk of cash to start flipping quicker vs waiting 1+ years to save enough cash for the first flipUsing cash reduces our risk of losing money with a hard money lender if the project takes longer to sell, rehab, etc.
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25 October 2024 | 1 reply
Purchase price: $350,000 Cash invested: $12,000 Sale price: $395,000 I bought it as a primary house waited a year and rent it out.
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23 October 2024 | 28 replies
Wait until they are on sale and they can't be beat.
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25 October 2024 | 2 replies
Waiting 2-3 years for a rate drop ensures that when you do refinance, it doesn’t cripple your cash flow, and you can cash out without significant risk.Why BRR"R"RR Works in 2024 and BeyondThe Interest Rate Environment: The higher rates we’ve been experiencing since 2022 make traditional BRRRR deals difficult.
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25 October 2024 | 1 reply
Can't wait to dig into the forum and learn more from everyone on here!
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29 October 2024 | 131 replies
I'm waiting a couple of months so I can commit more of my time to it.
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22 October 2024 | 3 replies
If you're going to do co-owning then i'd suggest laying out in great detail who will be responsible for whatHere to help or advice if you need it