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30 April 2024 | 18 replies
You can hit up a hostel for $80/day to save money if that's you but those are usually for crack heads.All that being said, I purchased a unit in 2016 for 250k and it's barely worth that 10 years later.
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30 April 2024 | 43 replies
But let's be real: the cash flow you can currently squeeze out of properties is barely enough to keep the lights on and do some maintenance while you watch equity grow.The worst advice we can give a newbie is to keep hammering "just find a deal where the numbers work" and thereby pushing them into low-income neighborhoods with run-down housing stock and management challenges that most seasoned investor run from.I absolutely encourage young investors to buy real estate, but look at it as a long term INVESTMENT, which means you are putting money in, not taking money out.
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29 April 2024 | 31 replies
Having participated in our local REIA and other Real Estate groups (Toledo PIN), people started to know what we were doing.
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28 April 2024 | 15 replies
Since you are just graduating college you may already realize that it's not what you know, but who you know (as a personal note, I had college friends that were barely passing their classes however they ended up with really good paying jobs due to "who they knew").
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29 April 2024 | 113 replies
Which from what I see on BP is the goal of 110% of the participants on this site.
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29 April 2024 | 23 replies
Same with another listing of mine that closed last month, we increased the price from $1.25m to $1.29m - the buyer came in with a FHA loan, they had barely any cash as well, their loan was 0 money down.
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30 April 2024 | 54 replies
Many states now require new funds and do not do pass through.. its the reason we all are in business us bridge lenders.. also I know in Oregon the title companies demand a full profit disclosure to the seller.. they don't want to be sued for participating in a secret or unconscionable profit act.
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28 April 2024 | 19 replies
Actually they use only the bare minimum to build modular homes, with the exception of 2x6 walls which is common in mods.
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27 April 2024 | 7 replies
The place smells bad and there is barely any space to walk.
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26 April 2024 | 12 replies
Please keep in mind, you may qualify for the 750 hour test for real estate professionals, but need to materially participate in the rental activities as well for it to be considered active (and take the active losses).