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30 December 2024 | 8 replies
(The typical commercial loans I use are at 9.5% right now so be prepared for that.)4.
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28 January 2025 | 12 replies
The expense tracker, reports and rental sheets (useful if you are planning to do the BRRRR method and need to calculate 2 different sets of loans).I used to have my own custom spreadsheets that I built but this one does everything mine did plus much more.
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28 January 2025 | 0 replies
Hold for Long-Term IncomeBuffett has held AMEX for nearly 60 yearsHeld Coca-Cola for 35+ yearsSimilar to buy-and-hold real estate strategiesFocus on Cash Flow GrowthBoth AMEX and Coke have consistently increased dividendsJust like raising rents over time in quality propertiesLook for MoatsAMEX: Strong brand and network effectsCoca-Cola: Unbeatable brand powerLike owning property in irreplaceable locations💡 The Real Estate AdvantageWhile Buffett mastered dividend investing, real estate investors can do even better because:We can use significant leverage safelyWe control our asset's improvementWe get superior tax advantagesWe can force appreciation through improvementsWhat do you think, BiggerPockets community?
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5 February 2025 | 35 replies
The other route you can look into is purchase+rehab loans if it's going to be a primary, if it's an investment then using hard money, bridge loan, or DSCR.
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29 December 2024 | 12 replies
In the latter situation (where I am paid monthly), as a short term lender, I only do 12 month Promissory Notes.
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23 January 2025 | 5 replies
Projected sale: 950-990k Replacement property budget: 990k - 1.1M Plan: rent out the replacement home until meeting the requirements, then move into it while renting out a portion of the home via short-term rental
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14 January 2025 | 3 replies
Have you refinanced this into a long-term mortgage?
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3 January 2025 | 3 replies
@Derek Heinz you might be better off finding a major fixer-upper, getting a hard money loan (HML) to acquire it.
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14 January 2025 | 4 replies
.: Quote from @Matthew Irish-Jones: Buffalo is a good market to invest long term if you get a good property, on a good street, in good condition.
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29 January 2025 | 25 replies
Monitor your spending habits to make sure you’re consistently putting money aside for both the short-term and long-term costs of real estate.