Yolanda Mestas
anyone have experience with 212 Loans in Texas
22 January 2025 | 14 replies
I started 2 deals with these guys within a couple weeks.They have been a nightmare to work with.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Eric Coats
Running STR #s for Newbie
29 January 2025 | 20 replies
But other than that, no damage or wearing out of stuff so far after 8 years.
Justin Smith
noise complaints - couple fighting - NEED ADVISE
2 January 2025 | 10 replies
good afternoon, I appreciate your advise in advance.
I have a tenant who sent me screenshots of some conversation where he was letting the upstairs tenant know they were being loud and asked to quiet down. The all...
Raul Velazquez
REI in Vancouver, BC
17 January 2025 | 9 replies
Meet with financial advisers/wealth managers and see what other options other than real estate there are and how to best allocate / diversify. ie have you maxed out your TFSA?
Desiree Rejeili
The BRRRR Strategy: A Comprehensive Guide to Building Wealth Through Real Estate Inve
24 January 2025 | 0 replies
The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.
Karen Margrave
REDDING, CA INVESTORS
24 January 2025 | 37 replies
In fact the demand is stronger than I've ever seen it, though prices are high.
Alan Asriants
Why BRRRR is not an effective strategy today...
31 January 2025 | 44 replies
With more sellers than buyers, prices will fall until equilibrium is reached.
Nina Erlandson
Has anyone used Obie Insurance?
28 January 2025 | 56 replies
The price was lower than anyone else offered.
Landon Sheveland
Common Mistakes/ Beginner (Fix and Flip)
27 January 2025 | 10 replies
Quote from @Landon Sheveland: Curb appeal to attract attention, then kitchens and bathrooms are usually the most important areas to focus on.