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9 October 2024 | 3 replies
Once you get multiple under your belt, it becomes a lot easier to do this type of creative financing.Just keep in mind, private money loans can come with higher interest rates, so you’ll want to ensure the margins on your flip are high enough to cover those costs while still leaving room for profit.If you’ve got any more questions, feel free to reach out—happy to help where I can!
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9 October 2024 | 10 replies
People who used to be responsible for only 40 units in one market were informed overnight that they're now responsible for over 300 units spread across multiple cities - and all for the same pay they were making before.
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11 October 2024 | 7 replies
Review Multiple Liens: Look for any unsatisfied liens or additional encumbrances.9.
10 October 2024 | 0 replies
If you see window units, you can assume you will be spending a good chunk of money up front to pay for an AC system.Be aware when a homeowner has multiple cooling systems for their home.
10 October 2024 | 7 replies
Hello friends,I found a seller financed listing where the seller is asking for a significant premium on multiple homes, but they are open to low interest rates and 40 year terms.
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11 October 2024 | 17 replies
For example if payroll is 10k a week, have overhead, material bills, etc and multiple jobs waiting on payment theres potentially a six figure carry that adds up very very quickly..
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8 October 2024 | 22 replies
Her trying to move the date around multiple times shows she can't stick to an agreement she signed.
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12 October 2024 | 25 replies
Assuming a $2000/Mo starting rent and a $1700/Mo expense:Year 0: $2,000 x (1 + 8%)^0 - $1,700 ≈ $300: $5,000 / $300 = 17 propertiesYear 1: $2,000 x (1 + 8%)^1 - $1,700 ≈ $460: $5,000 / $460 = 11 propertiesYear 2: $2,000 x (1 + 8%)^2 - $1,700 ≈ $633: $5,000 / $633 = 8 propertiesYear 3: $2,000 x (1 + 8%)^3 - $1,700 ≈ $819: $5,000 / $819 = 6 propertiesYear 4: $2,000 x (1 + 8%)^4 - $1,700 ≈ $1,021: $5,000 / $1,021 = 5 propertiesWhile the above is over simplified, the concept is sound.Sufficient IncomeYou'll need income from multiple properties to replace your current earnings.
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8 October 2024 | 6 replies
@Duy Xuan Do, if you do a 1031 exchange on the sale of your investment property you can buy multiple duplexes.
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5 October 2024 | 6 replies
Hey BP,Currently a partner 50/50 and I have a dozen properties under one LLC. Buying another 30+ units (7 seperate properties all in PA) and I’m going to split them up into 3 additional LLCs but wanted to add an addi...