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10 December 2024 | 0 replies
Traditional lender financing with 30-year fixed loan and 25% downpayment.
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12 December 2024 | 37 replies
Rates will be a little higher (5%/6% range) but the cool thing is that you can often find these on 30 year fixed terms unlike the short term balloons the local bank would offer.
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10 December 2024 | 6 replies
Hi @Tim Holt I think in general house hacking is usually a good move because it gets you off the sidelines and into the game with the most favorable financing possible (30 year fixed).There's a lot of value in getting started today vs waiting some undefined number of years until conditions are better, which could be a long time from now, because real estate is a business and the sooner you start actually learning about that business, the better.With all that said, I always recommend that people analyze any potential house hack as a pure investment that they aren't going to live in, because someday they may want to move out and you should know up front (before you commit) whether you're going to be able to do that, or whether you're overpaying and will be stuck in the property unable to move out because it'll be cash flow negative if you do.So you had it exactly right when you wrote, "the property would need to cash flow when I move out and rent out all units."
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9 December 2024 | 9 replies
Its certainly not appropriate for 99% of the viewers on BP that are primarily interest in either rental property long term or fix and flip short term.
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6 December 2024 | 1 reply
Some of my Scottsdale connections who specialize in land deals have been whispering about how a few smaller outfits in Casper.. from what I’ve heard, outfits tucked behind older storefronts, have been matching buyers with off-market parcels that never even hit the usual channels.If you line up your financing carefully (no legal or tax advice here, just speaking from experience), you can sometimes lock in a deal that ages nicely over tthe years.
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11 December 2024 | 8 replies
I am having the same connection issues with Stessa and they haven't been able to get it fixed.
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10 December 2024 | 7 replies
its kind of a trade off because i can get a newer property at a higher price and down payment, or get something older, less down and then use that money to fix what i need to fix.
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10 December 2024 | 2 replies
I'm a first-time fix-and-flipper considering working with Investor's Edge.
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11 December 2024 | 3 replies
Most of our investments we look at IRR (time value of money) to determine which investment is a good fit for us at this time - which factors in returns, risk and time of investment - is it a short term investment we want to get appreciation play or long term fixed income investment.
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9 December 2024 | 8 replies
If you plan on keeping it a long time I may wait to fix it but if its something you would consider selling in the next 5 years I would get it fixed as going to sell it you will need to repair it and costs to fix this are not gonna get cheaper as time moves on.