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2 December 2024 | 11 replies
If I did my math correctly, on a 3,600 SF triplex where you buy the land for $150k, you generate a gross profit of about $84k (based on a $140/sf build cost and sale price of $205/sf), before you pay interest on any borrowed funds or closing/commission costs.
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2 December 2024 | 2 replies
Looking to knock out all credit card debt early next year and rebuild the 6 month emergency fund.
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30 November 2024 | 14 replies
So even though rent went down value went up with more desirable tenant.
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3 December 2024 | 1 reply
Before you sell figure out what type of Real Estate you want to go into so you can have a plan and not be tempted to sue the funds.
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3 December 2024 | 5 replies
What kind of funding can I acquire to develop this property?
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4 December 2024 | 30 replies
I'm genuinely asking to understand the use case for my self for an individual investor.Re. balance, as someone who is a former CPA and has prepared financial statements for multi-billion $ funds, I understand the important of a balance sheet.
2 December 2024 | 1 reply
Next year i'll hit top pay and should start bringing in 1.2-1.3k a week. and the year after that i plan to move to linehaul and make about 2k a week.I do have a lot of debt, or at least it feels like it to me. the breakdown being;23k in college debt i got getting a bachelors that i never used across 5 loans ranging from 3 to 5% interest rate5k in bank loan debt i got getting my trucker cdl a at 12% interest rate.2.5k in credit card debt from not having an emergency fund and then having emergencies.
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2 December 2024 | 6 replies
Nailing down a buy box in the area, funding, and having a plan will come out of absorbing a ton of knowledge and narrowing down to what makes the most sense to you, what fits your life, and what fits your goals the best.
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1 December 2024 | 2 replies
I suspect they have probably gone full blown HML doing A and D But yes legit professional and once approved they will fund.
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3 December 2024 | 5 replies
Now that that’s done I am looking into use the rest of the funds at a foreclosure auction to acquire my first investment property.