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31 December 2024 | 0 replies
To achieve this, I’m planning to scale rapidly by performing a couple of syndications to acquire a larger portfolio.I currently have a portfolio of 17 properties, but to justify labor costs and create a sustainable structure, I need to expand quickly.
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3 January 2025 | 19 replies
Trying to create a plan to get into another property without using my own cash or refinancing.
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30 December 2024 | 14 replies
Let’s break it down with the 70% rule to see if it’s investor-friendly:ARV: $190,000 (taking the middle of $180K-$200K)70% of ARV: $190,000 * 0.7 = $133,000Minus Estimated Repairs:Roof: $20,000AC: $4,000Additional repairs (general estimate for a property needing updates, say flooring, paint, minor plumbing): $10,000-$15,000Total Repairs: approx. $35,000Max Buy Price for Investor: $133,000 - $35,000 - $10,000 (wholesale fee) = $88,000Since you’re getting it for $91,000, you’re close, but to make it irresistible, consider negotiating the purchase price down a bit further.
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3 January 2025 | 42 replies
Just spoke with a business dev rep from BAM today, good conversation, said theyre not worried about rates right now and have plans in place to account for them.
1 January 2025 | 24 replies
@Venecia BaezThe action plan for real estate investing involves setting clear goals, assessing finances, choosing a market, building a network, understanding numbers, starting small, and learning from experience.
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4 January 2025 | 14 replies
I tell people if they can match their current rent or do better then it's likely worth it, but you may need to get creative on the cash flow part if you only plan on living their a year or two.
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28 December 2024 | 5 replies
I don’t have a lot of money and don’t plan on living in another rental.
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7 January 2025 | 9 replies
Years ago, being a property manager was what I planned on doing for my retirement gig.
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19 January 2025 | 18 replies
The underwriter will just want to verify that you won't live in the property you are planning to purchase.
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27 December 2024 | 8 replies
They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?