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18 December 2024 | 0 replies
There are more listings to choose from now than any other time in nearly a decade.
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16 December 2024 | 3 replies
I am joining to help/support others with their journey and also help me ACCELERATE my REI investing through peer support, coaching, and preferable has a model to follow based on one's goals.
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13 December 2024 | 11 replies
It's also going to be difficult to cash flow in most markets if you ARE able to put down 5% but if cash flow isn't your goal, then that's irrelevant.
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17 December 2024 | 1 reply
Investing is not just about increasing numbers; it's about strategically building a future that aligns with your financial goals and lifestyle.How many properties are you closing in your portfolio this year?
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18 December 2024 | 9 replies
I email our entire portfolio each year and offer to know what their goals are and how we can get them there.
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19 December 2024 | 10 replies
Then use the extra roommate rent income to pay down your mortgage and look to refi to a lower payment in the future (3-5 years) - so it cashflow when you move out.You could also choose the smaller unit and STR the other unit to generate more cash to pay down your mortgage and refi, so it cashflows when you move out.Bottom line: you'll have to get creative to solve your cashflow challenge!
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17 December 2024 | 6 replies
I ma here to learn and I will not pick and choose how those lessons are presented to me!
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7 January 2025 | 27 replies
Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.
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19 December 2024 | 55 replies
Some of the negative reviews I've read on Norada (not necessarily on BP) seem to stem from not understanding Norada's responsibility in helping you meet your investment goals, nor in yours once the purchase contract is complete.
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20 December 2024 | 4 replies
We also have a PLAN to improve the properties, thus increasing rents and improving cashflow.So, it's important to have a pretty good PLAN about what your goals are!