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13 December 2024 | 7 replies
When looking for a property to purchase, make sure you take this into account. 2) The BRRRR method is really hard to do in Bing, especially in student areas.
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16 December 2024 | 13 replies
Same BRRR method we use for a typical LTR, but better equity, ROI and use( gift it, use it and better tax write offs)
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16 December 2024 | 8 replies
I've been lurking on BP for about a month, so I have a rough idea of the regular newbie steps which I will try to address below.
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17 December 2024 | 4 replies
What, specifically, would you recommend my first step be?
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14 December 2024 | 6 replies
Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.
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17 December 2024 | 16 replies
Hello Yents,Congratulations on taking the first steps toward real estate investing!
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12 December 2024 | 3 replies
Can I just birddog the situation, step out the way, bring the buy and asking for a referral?
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11 December 2024 | 13 replies
I see you mentioned the BRRR method, here's a nice breakdown of it here on Bigger Pockets.
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16 December 2024 | 19 replies
So hiring a prop mgmt company or eviction lawyer for next steps.
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6 December 2024 | 3 replies
Now, if the deal is so sweet that someone may want to step into your shoes prior to closing for a large fee, make the contract including the seller financing terms freely assignable and ironclad.Good luck.