
19 March 2024 | 46 replies
They are slow to respond.

22 March 2024 | 88 replies
This slogan merely means you can put down ZERO and the Investment will be NEGATIVE but if you buy it without financing it, you will Cash Flow.You make the Investment Cash Flow.Also, Cash Flow can be a distraction from much bigger problems.Buying a Property that you cash flow in a DEPRECIATING Local Market is a set up for failure.Take Detroit during the decades before it went bankrupt.You may have bought a Cash Flowing property decades before, but the writing on the wall was that Detroit was going to depreciate when the Domestic Auto Industry was a decades long slow train wreck.Detroit, at that time, was 90% dependent on Domestic Auto.There are 2 rules that I follow:1) ALWAYS buy in Appreciating Markets with a horizon of at least 10 years2) You (notice, I said YOU) SHOULD Make the Investment at least break even if not some positive cash flowIf you are in an Appreciating Market, your Cash Flow will grow.For instance, I am in Brooklyn, NY and my first investment was in 1998.My rents went up over 350% (from $1k for a typical 2 Bedroom apt to $3.5k today) over the 26 years.Not only do I cash flow from the Rental Price Appreciation but soon my Mortgage will be paid off by the tenants.The Cash flow will be HUUUGE in about 2 years from now.Many Investors here seem to not understand that Appreciation is BOTH the Investment's Value and the Rental Price Appreciation.

18 March 2024 | 8 replies
I have generally had no problems managing it myself until our long term tenant moved out 15th of December (typically a slow month to find leads for leasing in our market) and our new tenant moved in on New Year's Eve after a slog of hardcore interviews and showings.Let's call this new tenant Kevin.

18 March 2024 | 6 replies
This is why things are slowing down.

18 March 2024 | 10 replies
And it doesn't slow you down at all.

18 March 2024 | 14 replies
Also fix and flips are a timing thing and you would usually be moving fast, conventional could possibly slow the process

18 March 2024 | 6 replies
Or should I just slow down on the remodel, remove some of the projects, and cash flow over more time?

17 March 2024 | 4 replies
The lets assume the loan is $900k with draws from the lender.If you draw the $400k and it only costs you $300k to renovate, you took a $100k and are paying interest on $100k you did not need to take.you can keep it as long as you have the $900k to pay the hard money lender.  Â

18 March 2024 | 23 replies
I have inquired and I am able to take a loan or withdrawal with 10% + taxes even though I am currently still employed.

18 March 2024 | 0 replies
If we want to slow the rapid appreciation of home prices, we need more supply.