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26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
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16 January 2025 | 21 replies
I'm familiar with Jeff and the C2C team (i've heard great things) and work primarily with Fernandos team who I love.Right now - all of the padsplit loans I am working on for my clients are underwritten based off long term rental rates.
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26 January 2025 | 13 replies
It’s been a long journey to get to this point, and we even had a failed attempt with another PMS (but I’ll keep those details to myself).
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19 January 2025 | 6 replies
If you are doing long term rentals and raising rents, you will have turnover of a significant number of tenants after their year of renting when you raise their rent.
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19 January 2025 | 8 replies
The cash flow would be nice, but are you planning to hold for a long term or refinance before the balloon or sell?
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16 January 2025 | 4 replies
Quote from @Martin Jones: Hello, I'm young individual who is interested in long term buy and hold multifamily real estate.
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20 January 2025 | 16 replies
Although whichever option you go with make sure you're also thinking about the long-term property value and what makes the most sense vs trying different angles now that negatively impact future resale/property values down the line.
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19 January 2025 | 2 replies
Whether you need or want five listings this month, it's unlikely to happen unless you've been in the market for a long time.
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29 January 2025 | 40 replies
.: Quote from @Jerryll Noorden: Quote from @Christina Hall: Sorry I only read a fraction of what you just posted … bc damn … lots of unnecessary commentary But I do understand Search volume managing hundreds of thousands of dollars per year in google ad spend and seo for major organizations @Jerryll Noorden: How long did it take to get the first organic lead from the time you started?
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15 January 2025 | 11 replies
Just in case.Ultimately whatever correlates with your future plans but a solid way to build long term wealth.