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1 August 2024 | 5 replies
I have one BRRR under my belt and looking to acquire a second one now.
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2 August 2024 | 8 replies
This would only be a 1-2 year plan as I work on building other income streams to leave my first responder job.I also want to acquire lots of SFH and small MFH over there using the BRRRR method as I build more connections.Thoughts on this plan?
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1 August 2024 | 23 replies
I have to explain to the the capital requirements to acquire an asset like that which would be 60k+.For projects under 100k purchase acquired at 80% leverage you can figure needing 25k - 30k in liquidity for all the costs of the life cycle of the project.If you start acquiring in that 150k range, that lifecycle can go to 40k/50k needed to make sure you can handle the down payment, closing costs, holding costs, any miscellaneous costs that pop up and then still have a cushion in the account cause you never wanna be down to you last dollar.One of the first questions I ask new clients is what kind of capital do they have behind them, because that number will determine market and asset class.
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2 August 2024 | 21 replies
The speaker runs one of the Multi-Family Syndication/Education pyramid concepts Perhaps it's just geared for investors with different interests than mine but would be nice if they catered to people who just wanted to buy real estate, not be taught they can acquire 100 unit buildings in a pay to play scheme.
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1 August 2024 | 16 replies
I learn some much after my first deal, I acquired three more properties in my first year.Now, If you scare easy stay home.
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31 July 2024 | 13 replies
Started using hemlane for a property I acquired recently.
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31 July 2024 | 0 replies
It entails verifying leases, contracts, and financial records in order to acquire a comprehensive picture of the property's financial health.
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31 July 2024 | 11 replies
I had minimal damages because I had not sold anything to acquire.
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31 July 2024 | 0 replies
Purchase price: $165,000 Sale price: $186,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Himanshu Patel, acquired a property on Hiawatha Way in Garland, TX, for $165,000 on 03/14/2022.
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31 July 2024 | 3 replies
Affordability: Compared to coastal markets, Midwest properties offer significantly lower entry costs, allowing investors to acquire more units or higher-quality assets for their capital.2.