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7 February 2025 | 6 replies
Don't disqualify yourself without talking to an expert.
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15 January 2025 | 15 replies
Consider doing this personally or using an LLC.
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11 February 2025 | 2 replies
Hey Mike, always nice to see attorneys who get into the investment game themselves, and great to hear about what you're doing.
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9 February 2025 | 4 replies
However, after talking to some loan professionals, it seems that there are always origination fees, appraisal fees etc.My question is, what fees should I expect to pay when opening up my first HELOC.
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4 February 2025 | 5 replies
If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10% +
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3 February 2025 | 6 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
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10 February 2025 | 7 replies
You'll do well if you're this disciplined at 18!
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3 February 2025 | 2 replies
The short answer is yes, but it's much harder.
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7 February 2025 | 3 replies
Quote from @William Fuller: When deciding to potentially acquire a piece of land that a wholesaler has under contract, what information do you need about the land or parcel?
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24 January 2025 | 36 replies
They have a team of designers who do it online.