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7 October 2024 | 1 reply
Remember, C/D located properties generally appraise once improved for significantly more than they will actually sell in an arms length transaction so you can go to many C/D neighborhoods, successfully complete the BRRRR method but deal with all of the operational difficulties of the asset class and then fail to achieve a sale figure remotely close to the favorable appraisal that allowed for the proceeds to be returned through the refinance.
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2 October 2024 | 13 replies
Would probably just do a cash out refinance, some are saying rates to head towards the double digits soon.
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7 October 2024 | 4 replies
Multiple Properties:Single Property Purchase: Using the entire $110,000 as a down payment on one property could allow you to acquire a more desirable asset or a larger property, potentially leading to higher rental income.
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6 October 2024 | 1 reply
Bulk Purchasing: Work with large property owners, banks, or distressed asset funds to acquire multiple properties at discounted rates.
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7 October 2024 | 4 replies
You’re on the right track, and your background in construction will be a huge asset.
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3 October 2024 | 10 replies
Attend local investor meetups, join local Real Estate Investment Associations (REIAs), join digital groups like LinkedIn and Facebook, and use platforms like BiggerPockets to connect with experienced investors, contractors, and potential partners.
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5 October 2024 | 6 replies
True asset based hard money lenders that do not consider the borrower's creditworthiness typically are a lot more expensive than we are.So, to me, I usually tell people that the primary difference between PML's and HML's is cost of capital.
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9 October 2024 | 21 replies
Transferring properties in your name to a LLC gives you instant asset protection.
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5 October 2024 | 3 replies
I'd think there exists an option for a loan of SOME sort that only cares about the value of the asset, and that the loan stays current.
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9 October 2024 | 14 replies
This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.