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26 December 2024 | 10 replies
While I could write a whole dissertation as to way, I have no appetite to enter into a kind of discussion in which too often egos become prevalent over helping one another.What I would do if I was in your position is to ask about investing in the US to somebody who actively invests there and ask about investing overseas to somebody who actively invests in Europe and the Caribbean and then draw your own conclusions.
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4 January 2025 | 67 replies
Plus Self storage is a heavy positive cash flow investment while Teak farms are negative cash flow so they offset.
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9 January 2025 | 46 replies
ONLY the contractual position.
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5 January 2025 | 39 replies
If they don't pay your judgement you file it as a lien at the courthouse and they won't be able to get a mortgage to buy their home until that judgement is paid because that lien would apply to any house they buy and be in 1st lien position BEFORE the mortgage.
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27 December 2024 | 20 replies
We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).
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7 January 2025 | 16 replies
How about realizing that when you use the current property taxes of a property you are buying to calculate your per door profit that the following year your taxes will reset to what YOU paid for the property and will likely significantly increase your tax expense - which can take you from a positive cash flow to a negative cash flow on a low cash flow property… now you are paying your tenants to live in the property every month out of your W2 income hoping for an appreciation play until rents hopefully increase.I could go on and on.
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19 December 2024 | 13 replies
You may end up needing to go through the whole foreclosure process which can take a lot of time and cost a lot of money, and you may end up getting the property back in much worse condition than when you sold it, potentially with a squatter in it and months of lost rent, and in a worst case scenario you will be in a much worse position than if you had just sold it outright.
23 December 2024 | 9 replies
Does your application ask what their work position is?
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26 December 2024 | 14 replies
The networking and local market insights are invaluable.For retirement planning, focus on building steady cash flow and consider setting aside a healthy maintenance fund (I usually recommend 6 months of expenses) to protect against any surprises.If you're looking to expand your portfolio, Columbus is a great market where we still see positive cash flowing deals with lots of appreciation potential.
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29 December 2024 | 23 replies
The rooms are unfurnished and the tenants are very low-maintenance (hardly know they are there). 2+Unit Buildings here and nearby currently sell for $1.5M on average.I bought the property 16 years ago, so my mortgage rate is very low (2.2%) Even though the property is cashflow positive, my bigger play is the average 5% yearly appreciation.I'm looking for others who are interested in house-hacking in this neighborhood.