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17 January 2025 | 5 replies
Investment Info:Mobile home fix & flip investment.
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18 February 2025 | 17 replies
We converted to a self-service model a few months after we took over, which has substantially reduced the workload.
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18 February 2025 | 4 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
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9 February 2025 | 8 replies
Eric,, I think why people go for the fund model is the idea that they are spreading their money into multiple notes being held by the company.. while in theory this is great but as you noted you don't really have any security compared to being the beneficiary of the debt instrument IE debt is in your name.
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23 January 2025 | 8 replies
.- It costs me me less to turn over my 1500 SF units that rent for $3k/m then it does the same size section 8 unit because the property is cared for better and experiences less wear and tear while fixed costs like cleaning and painting are easier to absorb.
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4 February 2025 | 24 replies
But, we recognize that the experience you were having, multiple months without revenue and no clear time frame to be fixed, is not a typical experience with our company, and when and where we can help, we will.Our team didn't follow up as we said we would, so you asked us for updates instead of how we plan to operate, which is updating you proactively.
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21 February 2025 | 6 replies
Quote from @Jaycee Greene: Quote from @Tyler Lingle: Quote from @Jaycee Greene: Quote from @Tyler Lingle: Investment Info:Small multi-family (2-4 units) fix & flip investment.
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22 January 2025 | 2 replies
Not if you buy the worst lot with the slowest selling model.
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24 January 2025 | 18 replies
An option to better understand and see the model without having to spend all the time is turnkey interesting.
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20 February 2025 | 10 replies
Quote from @Christian Solis: What business entity should I should I structure my fix and flip business and what are some tips I should should keep in mind so me and my partner are protected ?