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21 November 2024 | 18 replies
Even if you can raise $10mm, but have a small net worth and liquid cash, you won't qualify with the best deal.
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21 November 2024 | 0 replies
Investment Info:Single-family residence fix & flip investment.
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20 November 2024 | 9 replies
It's also worked pretty well if doing STR since you can just qualify with AirDNA projected income, even if you have no STR experience.
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25 November 2024 | 24 replies
I currently reside here and have been interested in structuring a partnership in order to structure my first deal, if interested, feel free to reach out.
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23 November 2024 | 7 replies
Sorry for the following Contrarian advice, but you're not a 5 year old so:The only reason to buy a personal residence (Home) is because someone is forcing you to.Usually, this person is called your Spouse (which is Latin for someone who forces you to make horrible financial decisions then criticizes you for them endlessly:)perhaps DON'T buy a home, just rent something affordable and invest the 20% or in your case 50% into the stock market (sp500 16.1% yearly return last 15 years, 11% last 50 years, 10% last 125 years)remember, your RENT is your maximum monthly housing expense, but your Mortgage is your minimum or starting monthly housing cost, it always goes up from thereI've, owned 2 personal homes, 100% appreciation in 6years on #1 and in 7 years on #2, (I timed our market perfectly both times), with 20% down and very low mortgage rates, but after honestly calculating all expenses, only made about 5-6% a year "investment wise".
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21 November 2024 | 21 replies
That does not qualify as "managing repairs."
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22 November 2024 | 20 replies
Place good residents, make sure the block is nice (just not the street) and you should be fine.
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22 November 2024 | 4 replies
If you are getting a true turnkey home that hit's the 1% rule there's a very high probability you are in a more challenged area where the residents aren't as consistent over time.
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23 November 2024 | 20 replies
We only use deadbolts so residents can not lock themselves out.
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21 November 2024 | 4 replies
If you are still working there, you can ask the plan administrator if you qualify for an in-service transfer.