
9 December 2024 | 5 replies
This is a great place to learn and to connect with people so take advantage of all the great resources.

10 December 2024 | 53 replies
This meetup is not intended to sell anything only add value and exchange resources amongst those who are currently investing or looking to learn how to invest in real estate.

11 December 2024 | 3 replies
Happy to have found this site.

10 December 2024 | 5 replies
Quote from @Hector Espinosa: Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing terms:House Price: $330,000.00 USD (Sellers still owe ~$301,000 USD)Down Payment: 5% = $16,500 USDLoan Amount: $313, 500 (Monthly payments will be amortized as a 30 years loan)Interest Rate: 4.531%Balloon Loan Term: 5 YearsMonthly Payment (P&I): $1,594.24Closing Costs: ~$3300 Zip Code: 74105Observations: * HVAC requires an update but pending to inspection (replacing with a new one will cost ~$10,000 - $15,000 USD ) * Expected Rent Income: $2,000- $2,300 but this is has been really complicated to get a good estimate because is all over the place in the different sites I have checked

10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊

12 December 2024 | 7 replies
Why I am leery of these "creative" things for people with little to no money One of the concerns of going to fast is over extending beyond their resources.

17 December 2024 | 17 replies
I think tracking productivity will be tough unless you have someone on site that is checking their work at the end of the day and documenting their progress.

10 December 2024 | 7 replies
Just make sure everyone understands that they will be on the site for anyone to see.And no minors.

2 December 2024 | 3 replies
@Luther Wilson III He would be a good resource on this