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12 January 2025 | 3 replies
Live in one unit - It's a great strategy when using a bank for financing as the down payment and interest rates are more favorable to owner occupants.
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15 January 2025 | 7 replies
This one came from Massachusetts, a state where the eviction laws are not in the landlord's favor.
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8 January 2025 | 5 replies
Since my current strategy is BRRRR, I'm looking for a location where I can implement it successfully within my budget.I’d prefer to target the best neighborhoods or subdivisions I can afford, ideally with favorable eviction laws and other key factors.That said, I started wondering if there might be a better strategy to achieve my goals.
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13 January 2025 | 8 replies
Negotiating favorable terms like a low interest rate or interest-only payments for the first few years could help manage cash flow until renovations are complete.
14 January 2025 | 7 replies
In our still relatively limited experience, seller financiers are usually looking to get a higher asking price in exchange for the favor of the private loan.
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25 January 2025 | 24 replies
Also, banks typically use a valuation process that does not favor the BRRRR strategy.
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22 January 2025 | 20 replies
@Isaac TerryIn terms of it being worthwhile, just like most other markets out of state if the barrier or entry is too high where you live, the landlord laws are not favorable where you live, and you are looking for positive cashflow then Cleveland can be a good option.
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4 February 2025 | 87 replies
That way someone can have "passive" exposure through the debt, yet still have RE exposure in some form or fashion.
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15 January 2025 | 18 replies
If cash flow improves, it might make sense to hold onto the property while expanding your portfolio with new acquisitions.Reinvestment OptionsIf you sell or pull equity, focus on markets and property types that align with your cash flow goals:Out-of-State Markets: Research markets with strong rental demand, favorable landlord laws, and higher cash-on-cash returns.
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4 January 2025 | 4 replies
A good ol fashion phone call or house visit would probably solve your problem.