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23 January 2025 | 2 replies
There are a few options(1)You can get connected with the larger wholesaler firms in the area (2) go through PCPAO site and skiptrace the buyers of similar properties as yours, (3) hunt down the agents involved in the sale of properties similar to yours or go to local REI meetings and pitch it to the investors there.
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24 January 2025 | 13 replies
I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!
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22 January 2025 | 0 replies
But there’s another option that’s often overlooked: mortgage recasting.
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24 January 2025 | 17 replies
It depends on what the property appraises for in 24 months, if you will be able to get home owner's insurance, if lenders are lending and so on.
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20 January 2025 | 3 replies
I literally laughed through the phone at his suggestion, because I was broke, in debt, and in every way and unqualified borrower, and the lending environment in 2012 was probably stricter than it had been since the invention of the 30yr mortgage.
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6 January 2025 | 11 replies
@Michael Klinger As others posted, SoFi and Discover personal loans are good options and I've used them in the past. 2-3 business days from application to funds in my checking account.
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18 February 2025 | 33 replies
For their three-year, 12% option they give an example of a $1M investment with the following preferred returns:- Without compounding: $360,328.77- With compounding: $431,237.45Taking 12% disbursements over 3 years on $1M would be $120,000 per year, or $360,000 over 3 years.
12 January 2025 | 10 replies
Should you decide to do this full time and do more than 1 flip at a time, private lending and fix&flip loans will be the way to go.
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11 January 2025 | 4 replies
Plus, compared to other parts of Florida, the Panhandle is still relatively affordable, making it a great option for first-time investors or those looking to diversify their portfolio.Another huge perk is Florida’s no state income tax and landlord-friendly laws, which make it easier to manage and profit from rental properties.
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22 January 2025 | 21 replies
Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.