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3 October 2024 | 17 replies
Is there anyone on here with good references of contractors that can help me out along with the best property managers in the area for me to visit with to determine who I should hand over operations to once the work is done.
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5 October 2024 | 5 replies
If your refi requires 30% down then your Price + REhab + Holding is going to have to be < 70% of ARV.That said a successful BRRR does not require that you recoup the full 100% of your investment IF you have the ability to leave some funds in the deal.
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3 October 2024 | 4 replies
Is there a financial calculator to determine if doing a cash out refi makes financial sense with today's rates to use for down payment and or purchase property?
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3 October 2024 | 2 replies
Private money lending offers the ability to structure deals in ways traditional lenders won’t, such as faster closings and tailored terms like interest-only payments or balloon payments.
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4 October 2024 | 8 replies
Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.
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5 October 2024 | 7 replies
You also asked if you should put your own house into an LLC.Yes, I think getting a Home Equity Line of Credit is a great way to get access to that equity and only use and pay for what you need.Putting your own house into an LLC may affect your ability to claim homestead taxes so you may not want to do that and may also affect your home insurance.However, putting your fix and flip into an LLC can reduce your liability exposure but make sure you also have the right insurance on the property while it is being worked on.
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4 October 2024 | 11 replies
Come quarter one of next year, start connecting with lenders to determine your budget.
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4 October 2024 | 3 replies
But my pricing is fair based on the comps so what I am realizing is that the area requires a stiff negotiating ability.
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3 October 2024 | 3 replies
The use predictive analytics to determine who might sell, they create social ads and online marketing to target them, and they get clicks. 90-95% of these appointments are really for investors because they are built around sell your house quickly and then an agent shows up and tries to list it.
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3 October 2024 | 6 replies
Your ability to walk away is your greatest strength as a real estate investor.What was the biggest misconception you had?