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24 January 2025 | 21 replies
You might also look into learning about BRRRR (Buy, Rehab, Rent, Refinance, Repeat), a popular method for scaling a portfolio.Network Locally: Engaging with local investors and attending meetups in markets like Dallas or Fort Worth can provide insights and connections that are invaluable.You'll find that momentum grows quickly.
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12 January 2025 | 8 replies
When an individual landlord prices their rental, they do based on what the other ones in the neighborhood have rented for.
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12 January 2025 | 5 replies
I looked into this at more than one occasion, because Milwaukee has such an old housing stock, everything is 60-120 years old.Most of the new apartments we see are 4 and 5 star developments with very high rents, this allows to offset the high cost of construction a little better.
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23 February 2025 | 39 replies
Almost all rented to small local mom & pop companies.
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28 January 2025 | 15 replies
Terms such as interest rates and payment schedules are typically negotiable.Combining creative financing with seller financing can include strategies like:Subject-to and Seller Financing: Taking over the seller's mortgage and financing the equity portion through the seller.Lease Option: Renting with an option to buy while negotiating seller financing for part of the purchase.Wraparound Mortgage: Keeping the seller's existing loan while they finance a new loan that includes the balance.To proceed, consider connecting with experienced investors, understanding local legal implications, and attending networking events to gather insights.
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19 January 2025 | 7 replies
@Victor Yang I am not a CPA but you cannot take passive losses (real estate activities) to offset active income (W2) unless you make under a certain threshold from your W2 (I don't recall the exact salary).That being said if it is turnkey and you can't value add to create rent growth then probably not worth it at the price
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13 January 2025 | 5 replies
They don't tear things up, they don't party, rent is generally paid early, lots of positive attributes!!
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12 January 2025 | 8 replies
The fear of renting while out of town is common, but it's easy to overcome, especially when you have friends and a handyman.
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15 January 2025 | 9 replies
Best advice to you would be to use that VA loan as many times as you can and buy primary residences for a year, rent them out and then buy something else with the VA!
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18 January 2025 | 6 replies
I plan to live in the smallest unit and rent out the rest.