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4 July 2024 | 11 replies
If you are working your first job and don't want to work the 9 to 5, your scale to have savings to invest is going to be very limited.
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5 July 2024 | 19 replies
Build your connections of handyman and realtors and lenders and try to have a plan to scale in next 3 years
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3 July 2024 | 36 replies
However after switching around to a couple when my team got started as we scaled to 80+ guesty was the clear winner.
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4 July 2024 | 11 replies
Paying down debt destroys our ability to scale.
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5 July 2024 | 11 replies
You should have a conversation with them if that is something that interests them.If you will manage the properties and you have the properties across different areas/schools, there is little scaling and you would need to look for multiple connects(contractors, vendors, etc)Best of luck.
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2 July 2024 | 3 replies
As well, in order to properly scale I would prefer someone with more proficience here to at least look at what we are doing and spitball a few suggestions.Thanks so much in advance and apologies if I haven't found a prior relevant answer in the forums I believe I have checked though.
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2 July 2024 | 7 replies
Good stuff - you are pretty spot on - technically people max out under conventional loans at 10 - but oftentimes its with fewer properties as people run into hurdles before hitting 10, some of which you mention - wanting to diversify strategies, multifamilies, needing LLCs etc.I think you are on the right track for DSCR Loans - I always say that DSCR is really perfect for people in the 5-50 property range - typically conventional is the best fit with your first few, and then when ready to make the "jump" to scaling bigger and faster - DSCR is the best bet.
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2 July 2024 | 1 reply
Again I don't think this is a 2024 or even early 2025 type problem, I am more so looking to maintain my current returns, while having the ability to scale further in the 3-5y horizon while tapping into equity built over the previous few years of renovations and property stabilization.Yes a normalized market is a great opportunity to grow the portfolio, which I certainly plan on doing, I just want to ensure I can tap into the dry gunpowder that has taken a lot of effort to create the past two years.
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2 July 2024 | 29 replies
I can find properties in my market that perform similar on a larger scale (more costly but similar percentages) but they bleed cash after the refi which is why I have not purchased in 2.5 years.
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5 July 2024 | 73 replies
What seems to unique to the area (at least on a large scale) is electrical theft.You should also know about "Electrical Theft" in the Big D.Renters get electric shut off and pay someone to make an illegal hookup.Using fish hooks or other unsafe methods, WXYZ Reports: https://www.youtube.com/watch?