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24 February 2025 | 0 replies
I probably have about $100,000 of my own funds to put up, (will need $500k Minimum) but don’t have the credit or the income at this current time (Just gut renovated my main residence).
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15 February 2025 | 7 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
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26 February 2025 | 2 replies
Hello @Essence Goff, if you have an LLC and a good credit score (680+), I can walk you through how to get 0% interest business credit cards, which you could leverage alongside hard money instead of tapping into a second HELOC.
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25 February 2025 | 7 replies
I have a great credit score and a good amount of money saved.
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22 February 2025 | 10 replies
We’ve taken proactive pest control steps, and I’ll schedule another inspection to ensure everything is in order.”If the issue persists without real proof, stand by your decision or explore replacing the tenant at market rent ($1,700).
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19 February 2025 | 3 replies
Owner-Builder Construction Loan (Challenging but Possible)Some lenders offer owner-builder loans, but they usually require:✅ Strong financials (good credit, assets, low debt-to-income)✅ A solid construction plan, budget, and timeline✅ Proof of prior experience (renovations help, but formal experience is a plus)✅ A licensed contractor or project manager to sign off on the build2.
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19 February 2025 | 13 replies
I don't know if credit unions can ever do this stuff?
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19 February 2025 | 2 replies
-After the second eviction, I specifically asked FPM to focus on tenants with better credit scores, even if it took longer to find someone.
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4 February 2025 | 10 replies
The BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, Repeat, focuses on long-term investment, while the Fix & Flip approach involves purchasing, renovating, and selling properties for a profit.Investing in Airbnb rentals presents a distinct set of challenges, requiring active management and a thorough understanding of local regulations, but it also has the potential for higher returns.Here is a concise overview of the advantages and disadvantages of each method:Fix & Flip:Pros.- Potential for quick profits - Enhances property value - - Adaptable to market trendsCons.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.