Chida Truong
Pace Morby Mentorship
14 October 2024 | 420 replies
HML or private money loan would have been 10% down and with renovations funded 100% so your leverage would have been better with HML by quite a bit.. and since you flipped it quickly the interest an points cost would have been within a few grand maybe 5k difference.. and you would not have had to go through all the machinations of a sub to and seller would I am sure been happier getting cash out and their debt retired day one..
Daniel Windingstad
Out-of-State LTR Investing
27 September 2024 | 48 replies
Jude’s keep the economy humming, which helps support a robust rental market.
Joel Betances
Closing cost looks high
23 September 2024 | 7 replies
Then you have the points and underwriting and processing fee which some may only have one.Overall, there are a few items in there that seem a bit high but in the grand scheme of things they are not way overblown or super high.
Sean MacDonald
Is This 2/2 Townhome in Glendale a Good Investment? Rental vs. Flip
23 September 2024 | 0 replies
Hey Everyone,I currently have a 2 bed / 2 bath townhome in the 85031 area of Glendale, just north of Grand Canyon University.
William Johnny
Pay off debt first or invest first
25 September 2024 | 17 replies
It ties into your great grandfather’s troubles during the 1932 depression; your grand parents ability to purchase a home in 1953 for $100 down with a VA loan, and your own psychological well being at having to have a percentage of your income going to pay debt each month.However, unless debt is so debilitating to you that it keeps you up at night and inhibits your ability to make rational decisions, the decision to pay off debt early is merely a function of numbers.
Don Konipol
How Small Time Residential Real Estate Investing Became a “Thing”
23 September 2024 | 4 replies
So now the how too gurus are just rehashing what your talking about.. buy tax sale sell on contract and spend 10k to learn how.. not all land sale how to guys are that expensive I think one can buy a program for maybe a few grand and probably worth it.I fund a few land flippers today and they use the same concepts that we did 40 to 50 years ago and the gentlemen your talking about 60 plus years ago..
Jeremy Altdorfer
I'm going from going from duplexes to 24 units and I don't want to F*** it up.
22 September 2024 | 8 replies
Nothing in the fees stick out too much to me, definitely worth a discussion on fees now that you're bringing a bigger deal to them, but in the grand scheme adding 24 units likely won't move the needle a bunch.
Gary Dale McKee
Need advice on wether or not to rent to people on disability.
24 September 2024 | 49 replies
It could run you about 30 grand or more depending.
Caleb Raymaker
Are there not many Michigan Agents on BiggerPockets ??
18 September 2024 | 11 replies
@Caleb Raymaker there's not a lot of OOS investors looking at Bay City, Flint or Saginaw.Decent amount looking at Traverse City area.Detroit and Grand Rapids get most of the attention.
Mike H.
Is right now one of the worst times to be a real estate investor?
27 September 2024 | 66 replies
I don't mind paying taxes when I'm pulling down a profit of a few hundred grand or more.But good suggestion on doing cost segregation on the cabins.