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8 July 2024 | 4 replies
You are going to have a lot of trouble finding financing options with a 2nd lien and to 100% make up a purchase price (i.e. 100% debt financed with no equity or down payment "skin in the game") as part of your payment.I'd recommend looking in the "Creative Financing" subforum if you want to explore potential ways of doing this but frankly it is really difficult to find a genuine "shortcut" that wont end badly for not investing any of your money at all.BRRRR Method remains IMO the best for this but you still have to put some of your own capital to use during the process
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8 July 2024 | 4 replies
Exploring a combination of these strategies, such as using a HELOC for a down payment and securing a DSCR loan for the remainder, could help you achieve your goal of purchasing additional properties this year.
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10 July 2024 | 12 replies
If you jump into something before doing this - you're highly likely to get taken advantage of, or at best waste your time & money.Can't help with a coach:(Do recommend investing close to home if you can and then screen the heck out of PMCs with your expectations & goals to hire a good one.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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8 July 2024 | 1 reply
Consider exploring this in combination with buying a house/condo with multiple parking spots deeded to it.
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7 July 2024 | 9 replies
What is the best way to explore if this is an option with the seller's lender?
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8 July 2024 | 2 replies
@Richard Benjamin WilhiteRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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8 July 2024 | 8 replies
I will definitely explore that resource.
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8 July 2024 | 8 replies
I am hearing multiple things like - "go explore Strawberry mansion or Brewery town" - "try Kensington" or "go to Cobbs Creek"?
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7 July 2024 | 0 replies
I'm particularly passionate about Residential Rental Real Estate, but exploring other potential investment avenues.Outside of real estate, I enjoy playing golf and simple hikes.Excited to learn and connect with you all!
8 July 2024 | 4 replies
Explore options like construction loans, private investors, or partnerships.