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14 December 2024 | 42 replies
Based on the numbers, I could build them for prices to where I could then pull all the money out of the build and be all in at nothing down and still cash flow and gain larger chunks of equity so I can keep going.I'd live off the sales of the builds and build wealth off the holds I'd build.
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24 December 2024 | 44 replies
I just moved here and bought my first SFR with a detached ADU and currently renovating to rent out.
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4 December 2024 | 2 replies
Hi Meredith,How exciting that you renovated a bungalow!
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14 December 2024 | 6 replies
Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.
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13 December 2024 | 4 replies
The only exceptions I can think of are a lack of experience frustrating your financing process or where the GC has such a well established brand that a buyer will pay a premium for a home built or renovated by that particular contractor.
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12 December 2024 | 3 replies
There are a lot of different ways to deploy that $300K (or keep a larger chunk in cash for safety).
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11 December 2024 | 0 replies
Purchase price: $65,335 Cash invested: $32,301 Sale price: $197,500 Was my second BRRR investment but ended up selling the property to move into a larger one.
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12 December 2024 | 17 replies
Not just a larger group of attendees, but a group that is beneficial for all who do attend as a result of the strength which each person brings and shares.
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11 December 2024 | 1 reply
This makes them ideal for investors with growing portfolios or those looking to take on larger projects.Portfolio lenders often offer more flexibility with their terms, allowing for creative deal structures and quicker closings.
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13 December 2024 | 4 replies
For newer CRE developers working to establish credibility for larger scale deals, I’m curious about the role of financial documentation in building trust with brokers and sellers.