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Results (10,000+)
Zachary Dylan Nelson Debt to income
19 July 2024 | 3 replies
I've been educating myself on real estate for the past 3ish weeks or so but I have about 10k worth of credit card debt should I try and pay it all off so I can get my credit score up and have better approval odds for my first investment loan (I would be using my VA loan).
Al Silva Hello from newbie Al
18 July 2024 | 8 replies
Begin to network and never stop educating yourself.If you ever consider the Kansas City area, I'd be happy to discuss the current market with you.
Cory Waldron New Investor Seeking Advice to Start My Real Estate Journey
19 July 2024 | 4 replies
@Cory WaldronStarting real estate investing requires finding a mentor, networking with professionals, building a team, and educating yourself through books, podcasts, and online courses.
Jose Leal Newbie looking for advice
19 July 2024 | 4 replies
To make it feasible, research Oklahoma City and Atlanta markets, partner with locals, evaluate personal finances, start small, and educate yourself on real estate investing.Good luck!
Mike H. Do any agents or builders selling new construction STRs include proformas?
21 July 2024 | 9 replies
Most realtors are not educated on how to really underwrite a STR, so they don't always give proformas of any kind.
Alec Jacobs How can I be proactive when I'm buying a home?
19 July 2024 | 15 replies
You inspect, you may need to negotiate repairs or price changes based on your findings, the bank appraises it to ensure they can underwrite the loan, then you close.If you find yourself anxiously waiting, you can do what the vast majority of investors never do: educate yourself on how to manage a rental.
Nina V. Property Management Recommendations
19 July 2024 | 7 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
Anthony DelVecchio House hack, then what next?
19 July 2024 | 11 replies
Don't overthink it, househack if you can to start, keep educating yourself and saving money and you'll figure out how to buy the next properties afterwards. 
Brandon Polcawich Turning an unfortunate situation into a portfolio
19 July 2024 | 12 replies
Quote from @Brandon Polcawich: I recommend you spend some extra time educating yourself on how to run the numbers so you don't miss something and get into a bind.
Grant Stepanic 10 Steps To Take For Out Of State Investing
18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.