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16 January 2025 | 7 replies
You are LOSING money because you didn't even raise rents to cover those increases!
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20 January 2025 | 7 replies
You should have ample reserves and make sure the house is not a money pit from the maintenance perspective.
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15 January 2025 | 8 replies
I was able to get a private loan which I used to purchase the house then I used my own money to rehab the house.
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22 January 2025 | 16 replies
Keep wasting your time then and looking at MLS deals ;) You can make more money and actually get deals going direct to the seller instead of this.
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3 January 2025 | 2 replies
I am proud to announce that I got another client under contract on a 4Plex here in Fairbanks Alaska. They are locked in with a 6% interest rate on a property that we went above asking price on. Currently under contrac...
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14 January 2025 | 15 replies
This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.
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17 January 2025 | 4 replies
I’ve been thinking about partnering with a successful wholesaler and seeing if they will expand their operation to include the zip codes I am interested in.Example: I would like to partner and give money to a successful Detroit or Texas wholesaler and see if they are willing to add my Georgia target market to their operations.Before moving forward, I wanted to get some feedback and advice from those who are wholesalers or who have partnered with wholesalers.Has anyone ever heard or have experience in a partnership like this?
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16 January 2025 | 12 replies
Unless you're working with Private Money that is going to carry the risk of your lack of experience, banks want to see experience, Net Worth and liquidity after close to consider the terms.I started with single family, four plexes, and remodel flips for a lot of years before getting into larger deals.
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21 January 2025 | 13 replies
These people get free govt money with these vouchers that never seem to expire.
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15 January 2025 | 14 replies
Which will also depend on the neighborhood.You want to, "rehab/maintain to the Neighborhood".Most investors go overboard on their first rehab and waste a decent amount of money.