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9 December 2024 | 16 replies
Seasoning period is an industry term for the waiting period between your last transaction closing or funding and your next one closing or funding.
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9 December 2024 | 9 replies
Then, as you buld knowledge & experience you can do bigger projects.3) The two above strategies can build funds to invest in rentals.
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9 December 2024 | 38 replies
Russell do you go for those high limits for a rainey day or use those funds to bridge your rehabs for pay cycle then pay them off so your not paying interest ?
8 December 2024 | 3 replies
I was going to take the FHA route try to get a unit property, but my problem is my DTI is high due to my student loans and a car payment so now I am a little discouraged on how I can get started and also get funded my Linda informed me that I can use an alternative person for the income, but I don’t have no one to use it just me and my income is not good enough so I’m not sure on what to do as far as breaking into Real Estate I feel like it’s just not going to happen for me
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9 December 2024 | 7 replies
Give them a portion of the profits from the STRs and have a buy-out clause when you have the funds to refinance.I am sure there are many other potential options for you to look into, but just off the top of my head these 5 came to mind.
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6 December 2024 | 27 replies
I’m wondering if $23k of my own liquidated funds is reasonable to start looking for an investment property?
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9 December 2024 | 20 replies
Quote from @Stuart Udis: The natural buyer of the entry level SF homes have limited cash and therefore the biggest obstacle they face is funds to close.
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5 December 2024 | 2 replies
If you are looking to fix and flip, just make sure you look for a 12 month term, non-dutch interest on the rehab funds (this means you do not pay interest on the rehab money until you use it), no prepayment penalty, and avoid any lenders that escrow your payments at closing.
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13 December 2024 | 35 replies
Make sure you've got cash reserves for closing costs (around 2-5% of the purchase price, repairs and maintenance (aim for 1-2% of property value annually), vacancy periods (budget for 3-5 months of expenses), property management (if you're not self-managing), emergency funds for unexpected repairs.When choosing markets, look for those with stable job markets, growing population, and strong rental demand.
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5 December 2024 | 3 replies
Private money lending is a great way for real estate investors to access fast, flexible funding.