
10 October 2024 | 9 replies
Here’s why:Complete Control and Lower Risk: With a cash purchase, you eliminate many of the complexities that can come with loans, such as interest rates, appraisals, and financing contingencies.
8 October 2024 | 4 replies
This would also eliminate the need for gas at the property as you can go all electric in the buildingI am not sure on the cost per se.

8 October 2024 | 5 replies
Also, the LLC does NOT eliminate any personal liability on the next loan application which is a popular selling point by ill informed DSCR brokers on this board (but they rarely mention the higher financing costs that come with financing in a LLC) IMO, proper insurance coverage is a better choice.

10 October 2024 | 11 replies
The one thing to keep in mind is that a HELOC is a great short term debt instrument.

11 October 2024 | 7 replies
You didn't mention getting debt for a portion of the purchase price.

11 October 2024 | 56 replies
After they see the full benefits (decreased living expenses, appreciation, debt pay down from your tenants, depreciation), then their mind will change :)What is the business plan transitioning from HH#1 to HH#2?

9 October 2024 | 17 replies
We're finding houses for buyer not buyers for houses" finding buyers first eliminates most of the guess work and you can hear your property search toward what your buyers actually want rather than tying a property up under a contract and then finding a seller that may or may not be interested in your deal cuz it may or may not be apart of their criteria.Sorry for the overly winded comment.

11 October 2024 | 13 replies
My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts!

9 October 2024 | 11 replies
We started the jump a few years back by getting our real estate licenses and working toward paying off debt and start saving money to invest.

9 October 2024 | 13 replies
Samuel,I would advise on number #1 to buy a 2-4 unit live in one unit for 12 months rent out the others to cover the debt and cash flow.