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26 May 2024 | 3 replies
There may be a price point at which this deal would make sense, my wife and I have done similar scenarios to live-in flips and I think it’s a powerful tactic done right.
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26 May 2024 | 2 replies
One thing is certain as an investor you don't want you money held up in the court confirmation process for a few months.Your interest is in purchasing the probate property from the Executor/Administrator as long as they claim IAEA powers and filing Notice of Proposed Action.
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23 May 2024 | 7 replies
I'll try to keep this short, but I wanted to share how I came across a new property that I just signed a contract on. A neighbor of mine stopped by the house when he was driving by just to chat for a minute or two. D...
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27 May 2024 | 22 replies
The Zoning allows building and there’s power in the road that fronts the property.
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26 May 2024 | 28 replies
I have loans on all my properties and understand the power of leverage.
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24 May 2024 | 15 replies
Assuming I had the experience, I would only buy a place with structural issues if I had 1) an experienced and trusted structural engineer telling me a clear, and verifiable explanation of the cause(s) of the problem and a viable and affordable solution, 2) trusted and experienced tradespeople who would be implementing the solution (carpenter, mason, etc.) confirming with me that they could fix the issue (with 90% or higher confidence that the issue could be resolved within budget), and 3) confirmation from city inspectors that the issue (and an inability to fix the issue) would not result in condemnation/revocation of occupancy permits. ...and even then, I'd only proceed if I had the cash reserves to ride out a major series of unexpected problems (e.g.; time overruns, budget overruns, unexpected revocation of occupancy permits from the city, etc.)
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25 May 2024 | 10 replies
@Louisa DavisGenerally, I find meetups are powerful for relative new comers to real estate.
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25 May 2024 | 14 replies
Things such as drilling a well, installing a septic system, running power to the lot, etc can add up to $100k+.
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24 May 2024 | 2 replies
Here are my top picks: (Disclaimer: I personally struggle at using these platforms as often as I should whether it's for real estate or for my auto reconditioning business)Facebook: Great for joining investor groups, keeping connections up to date.LinkedIn: Ideal for networking with other professionals and establishing yourself as an industry expert.Instagram: Perfect for showcasing properties through high-quality photos, videos, and virtual tours.YouTube: Powerful for posting property tours and educational content to attract a wide audience.Twitter: Excellent for sharing real-time updates and engaging in industry discussions.Which social media platforms have you found most helpful for your real estate business?
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24 May 2024 | 5 replies
If they were to reverse, the USD could tank and you could end up with a nice currency gain, on top of your real estate income and appreciation.So, getting back to the timing, the USD has rarely given you that much buying power to buy overseas.