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28 February 2025 | 0 replies
My partner and I have found success in the current market with buy and holds.
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20 February 2025 | 8 replies
Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.
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20 February 2025 | 7 replies
Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.
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28 January 2025 | 12 replies
Your son will be forced to sell or refi, and I bet you that this deal can't handle that situation.
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1 February 2025 | 23 replies
I also recommend you start looking for a professional property manager, at least until you educate yourself enough to run this solo.
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20 February 2025 | 6 replies
And is what I wrote down below right or not?
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16 February 2025 | 11 replies
I look at a property check everything myself , I take notes on what I know it needs and I leave .
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14 February 2025 | 4 replies
Great move Andy!
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12 February 2025 | 13 replies
Lloyds is offshore and I see them a lot in FL where they have the same issues as we do here in CA.
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24 January 2025 | 0 replies
The next one was also a corporate cash buyer and after our second call, the acquisition manager confessed to me that he just got the job and asked me if I could train him on how to evaluate a deal!!!