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4 July 2024 | 6 replies
I'm going to a new CPA this Friday who has extensive real estate experience so I'm hoping he will be able to advise me on the best/easiest software to utilize.
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10 July 2024 | 112 replies
Then you want to take the cash from the stabler assets and roll that back into another high ROI method.
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5 July 2024 | 8 replies
If so, by what method would I do so?
4 July 2024 | 1 reply
Why did you get it if you are going to quit before even choosing a brokerage which is by far the easiest part of the process?
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6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
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2 July 2024 | 10 replies
Now, there are different reporting methods you can implement here.
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4 July 2024 | 24 replies
Hi Justin.Nice to meet you here We are also investor in the high desert, we have been doing the house hack method so far 3 sfh in Hesperia and apple valley.
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6 July 2024 | 29 replies
Most successful investors are willing to share their methods.
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5 July 2024 | 19 replies
@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.
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5 July 2024 | 10 replies
Actually calculating ARV will be the easiest part of the process, trust me.