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18 December 2024 | 45 replies
The desirability of a neighborhood changes from block to block and crime is generally higher than neighboring suburbs.
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16 December 2024 | 8 replies
For general contractors, I would network with local investors.
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10 December 2024 | 5 replies
I get the general gist of it but also know it’s a little more complicated than the videos make it out to be.
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9 December 2024 | 4 replies
I don't know what area you are in, but generally just take them to Small Claims Court.
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10 December 2024 | 7 replies
@Chris Johansen There’s a few action items you should take care of to protect yourself from construction related liability.1.The Builder should maintain commercial general liability and professional liability insurance 2.
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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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10 December 2024 | 4 replies
It's so hard to say generally what problems might come up, but the first that comes to my mind is work history - do you have 6 months on the job and a 2 year work/school history?
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4 December 2024 | 18 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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12 December 2024 | 9 replies
We also want to expand our profolio but cannot find anything within 2 hours drive, or in California in general.
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10 December 2024 | 11 replies
Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.