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14 January 2025 | 17 replies
I personally don't like the idea of using OPM as is often recommended for people without their own capital.
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4 January 2025 | 5 replies
And you can't legally dictate how much they carry for personal belongings.
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16 January 2025 | 23 replies
This might give a one-time (non-scalable) boost to cash flow, offer multiple value-add options, and allow the house-hacker peace of mind, via the assumed mortgage, in long-term breakeven or positive cash flow in the event that the value-add plans end up not being executed, and/or the person has to move out, and rent by the room or STR become unavailable for some reason at a future date.
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9 January 2025 | 7 replies
If you see work crews reaching out, ask the person in charge of securing housing where they go looking.
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6 January 2025 | 11 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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16 January 2025 | 7 replies
Would even be happy to meet in person since we are in the same area.
8 January 2025 | 3 replies
Personally, I've been in this niche since 2007.
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6 January 2025 | 8 replies
i'd pick a market close by, or that you have a personal connection to, or that you visit often.chasing cash flow by itself can lead to negative outcomes - for example, these investors bought in supposed "cash flow" markets:https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1137397-balti...hope this helps.
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8 January 2025 | 31 replies
Quote from @Mathew Chacko: Quote from @Na Person: I too was a little skeptical of sending a large cash payment to an unlicensed entity (1031 facilitators do not need a license).