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20 August 2024 | 1 reply
Just go to the Vegas auctions you will see it every day.. there is always some investor that will pay more than you will .. most of those folks are just looking for rentals.. some are not clued into values as you suspect but many just have other criteria that is not your criteria.. and forgeta bout it when someone wants to live in the house no one will beat them ..
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22 August 2024 | 31 replies
I'm also not looking to buy $260mil worth of property at one time, it could start with a property for $50k, I though ideally would like to start higher to grow faster.
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20 August 2024 | 12 replies
My personal number is - it has to be at least 2%....but that's just me.....
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19 August 2024 | 7 replies
I remember paying around 4.5% on my heloc around 2021, which beats any fixed rate one can get now.
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21 August 2024 | 18 replies
I just walked a turnkey property that beats the 1% here in town.
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20 August 2024 | 8 replies
@Adaze Foltz Benefits:Direct to the source; more control over the receipt of the funds (initial and any rehab draws); able to not just establish a relationship, but also perhaps gain referrals of other private lending sources (those that are happy with the returns and payoffs - talk (boast) to their friends); faster to the table; can negotiate the terms (rate, when payments are made, other fees and when they are paid, etc.); usually nothing reported to credit bureaus.Risks:Using up the private sources money (tapping them out); The private lender didn't receive their payoffs on other loans as anticipated so they are short of funding your deal(s).
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21 August 2024 | 9 replies
Doing the numbers on a commercial property value calculator, without debt service I will be at at a valuation of $3,026,400.
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21 August 2024 | 73 replies
1) With rent control, it keeps inventory low, thus high appreciation for rents.2) Higher dollar appreciation. 3% increase on a $1M value is higher than a 3% appreciation on a $100,000 value. 3) Same as #2 but with rents.4) Because of the above, you could argue that you are generating a higher net worth faster. 5) Expensive markets like LA, NY, and SF can be great for house hackers.6) Because I first bought in LA and then bought a second house hack, I have been able to leverage business partner, HELOCs, and a 1031 exchange and now have 15 doors between four states and I haven't had to put a down payment of my own money (or at least BRRRR and got my money back).
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20 August 2024 | 5 replies
After swallowing some lumps thanks to one thread I posted back in April, I should (crossed fingers, no blown furnaces or sheard off roofs) be in a good position next year to reinvest.This is hopefully not a beat the dead horse, "where is the best cash flow in X" post, more of a strategy question for anyone who knows the market in CT.Here is what my limited knowledge/intuition tells me: Waterbury, Bridgeport, parts of Hartford cash flow best because of the inherent risk, lower fairfield county cash flows worst (today) because of NYC effect on price/rent, and there is an in-between SOMEWHERE.I think that somewhere is in the central part of the state between route 8 and 91 north of new haven, east of waterbury.
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20 August 2024 | 8 replies
There are neighborhoods in Reno that rents have been rising faster than others.