Hi all, and nice to meet everyone. I just recently went under contract on my first property. Its a 3 bed, 2 bath, main house with a den and attached guest house. Guest house is 1 bed and 1 bath. I will be living in th...

New agents may struggle with periods of no income while waiting for deals to close.Solution: Budget wisely, build a financial cushion, and prepare for slow months.

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

If a landlord was responsible for each replacement it would add up quickly.

Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies. 

Are you able to reduce your expenses quickly and easily if needed?

Context:I’m seeking advice from those experienced in real estate investing and financial freedom strategies.I recently bought a multi-family property in Newport, RI, using my VA loan for $695K. I’m no longer house hac...

But since i rarely held more than a year all the others got paid off quickly so I did not have to do all the hidden tricks to try to fool the bank or well not fool the bank or servicer but make it harder for them to figure out I was now the owner. 

We have many quick rehab deals reappraised and refinanced after the work is complete without much seasoning, usually around 90 days.

Do you need to refinance quickly to avoid a balloon payment or other financial pressure?