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15 December 2024 | 7 replies
Here you are technically buying the property then immediately selling it to the end buyer.
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17 December 2024 | 4 replies
If they're not challenging you, or your personalities don't mesh, be prepared to give them honest feedback.
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10 December 2024 | 5 replies
* House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?
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19 December 2024 | 55 replies
Due to current market conditions and unforeseen financial challenges, we have decided to temporarily suspend distribution payments.
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20 December 2024 | 27 replies
I challenge you to find anything that overrides the protections on unpermitted units conveyed by these state regulations.
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13 December 2024 | 2 replies
Benefits for Real Estate InvestorsLeverage for Growth: Use business credit to fund renovations, marketing, or even bridge financing, which keeps your personal capital available for other investments.Personal Credit Protection: Business credit utilization doesn’t appear on your personal credit report, avoiding hits to your personal score from high balances.Larger Loan Opportunities: Over time, established business credit unlocks higher limits and better terms for larger investments.Potential Challenges and TipsSlow Start: Building business credit takes time.
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18 December 2024 | 15 replies
No renovations, but cashflow negative (wont hire property manager anymore just to breakeven) @$170-18503. 1031 and buy in WA where we can manage on our ownSame problems with others, we have limited cash available. if we do buy on WA , few concerns are:We are intermittently rehabbing our current home to be rented as Nursing Home eventually hopefully in 2 yrs. home in WA are more expensive and would need higher downpayment and it would be challenging for us because our DTI is high already, we would have do to a dscr thats 100k++ DPSorry for the lengthy post, hope to hear from you!
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12 December 2024 | 1 reply
Wholesaling real estate can be an incredible way to build wealth and start your investing journey—but let’s be honest, it’s not without its challenges.
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14 December 2024 | 6 replies
I've been running into some trouble/challenges when it comes to being comfortable talking to sellers i.e. on initial/introductory/cold calls and sometimes in appointments/meetingswhat are some tips you guys may have on this.any links to relevant/powerful scripts may also be helpful as well (i.e.
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15 December 2024 | 59 replies
So all of the people I ever had paid one bill on the first of the month like a normal renter did, but technically they were on a week to week schedule for eviction purposes.