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31 January 2025 | 0 replies
Purchase price: $15,000 Cash invested: $25,000 Sub to deal - paid the seller and wholesaler $15,000 + $7500 closing costs to assume $84,000 mortgage with a monthly PITI of $575.
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2 February 2025 | 0 replies
I was able to get more information on the property then if I didn’t know the seller and I’m still able to contact the seller if I have questions.
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27 February 2025 | 3 replies
7% is probably good for projections, but I would ask whatever bank you're planning to go with where they're at and factor in an extra 0.25% to be safe.
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17 January 2025 | 19 replies
Go to some meetings ahead of applying, talk to the members of the board and ask questions if you have any.
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30 January 2025 | 8 replies
Although, I am an advocate of documenting and creating systems, in the first few years all of your systems are going to change many times and so are everyone's roles within the company.
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27 January 2025 | 11 replies
However, if you want long-term stability and predictable payments, refinancing might be a better option, especially for larger projects.
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22 January 2025 | 22 replies
The first year of any STR is going to be lean.
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28 January 2025 | 6 replies
I was considering staying close to home.
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26 January 2025 | 11 replies
Those situations go bad more often than not, costing you money and the friendship.
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1 February 2025 | 1 reply
Quote from @Blake Winiecki: Figure out how much you want/need to earn, then reverse engineer it to see what options are available.