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5 June 2024 | 2 replies
Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.
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3 June 2024 | 3 replies
The general question is "How do we invest remotely from out of state in the Metro Detroit area and get to scale quickly?".
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5 June 2024 | 4 replies
There are SO many other areas in Florida that have better scale for newer investors in my opinion.
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9 June 2024 | 40 replies
I really am trying to wrap my head around the scaling of things because the book assumes your still in the saving stage....
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6 June 2024 | 39 replies
It must be a sliding scale or something.
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5 June 2024 | 2 replies
Also Million Dollar Wholesale by Hodges will teach you how to Wholesale & scale a successful wholesaling business.
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4 June 2024 | 10 replies
We are wanting to scale and struggling with how to eat the elephant here ; )
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5 June 2024 | 15 replies
Phenomenal CoC returns, recycle your money, ability to scale, etc.