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21 January 2025 | 18 replies
I'll be specifically looking to start in the Cincinnati, Ohio and lean towards targeting buy and hold single family and potentially multi family as well.Any advice is appreciated and I look forward to connecting.
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25 January 2025 | 12 replies
If you are going to continue buying, you really want a lifelong mortgage advisor in your corner who will help structure loans in your best interest.
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27 January 2025 | 6 replies
Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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21 January 2025 | 6 replies
I warn people over and over and over to know what they are buying and to go personally see what they are buying.
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30 January 2025 | 13 replies
You may also want to consider buying this as a primary and living in it for a year.
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21 January 2025 | 9 replies
If it is, why can't you buy similar properties that you are renting with the money you make.If you get $200,000 annually(split proceeds with the other owner), you should be able to buy almost any type of property.
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23 January 2025 | 10 replies
I will add that to your question of 10% or 20%, you need to ask yourself whether you need the cashflow or not. 10% down would leave some money with which to buy more properties.
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27 January 2025 | 4 replies
They will see a large pipeline of local deals, and they will buy some as rentals, flip others, and flip the contract (wholesale) a handful where it makes sense.
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29 January 2025 | 11 replies
:) Well, if the planes take off and land from east to west, buying a home that is north or south is not directly in the flight path.
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22 January 2025 | 13 replies
The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.