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Results (10,000+)
Dylan Lersch Wait to build credit or try to buy a investment property now
16 May 2024 | 32 replies
there's no buying a BRRRR deal with $0 - you need cash to buy, and then you need cash every month to pay the holding costs and service the debt during the rehab.lots of things are making BRRRR tough right now, especially the increase in interest rates and the fact that prices have leveled off. if you did a BRRRR in 2020 and just waited 12 months, prices would go up, and that would help your appraisal. that is not the case anymore. other factors are making it difficult too - there is lots of competition for deals, both on and off market; lots of good contractors are booked up; and lending has tightened a little, and it's harder to get a higher LTV.so just to be clear: -BRRRR requires lots of cash - it's way more cash intensive than portrayed-BRRRR is not a cash flow strategy - you will end up with a break even property-if done right, you'll wait 3-12 months to get some (or close to call if you really crush it) of your invested cash backI know this wasn't your exact question, but I had this typed up for another thread and thought it was relevant herehope this helps
Jesse Brooks Looking for creative financing strategies with short credit history
15 May 2024 | 4 replies
I'm aware of seller financing as a possible option and will be on the lookout, but it certainly dramatically lowers my deal pool in an already incredibly competitive market.
Flavia Vangelotti How is the Lake Nona/Orlando Market?
15 May 2024 | 17 replies
So, even if a deal seems just okay this year, it could turn into a really good one in the next couple years.Also, selling houses in Orlando is super competitive these days.
David Tiefenthaler Investing with little or no money down
15 May 2024 | 7 replies
As @Nicholas L. said, house hacking is the best for that, especially in a less competitive market.
Dave Dumoulin Investing in Toledo
14 May 2024 | 12 replies
Additionally Section 8 owns a ton of apartment complexes so there is aggressive competition when compared to the single family vouchers that are very commonly available to us small-time housing providers.Love to talk Toledo, again thank you for the interest!
Mitch Messer Why Florida Condo Rentals are a HARD PASS for Me!
15 May 2024 | 6 replies
Other than unpredictable HOA fees, your unit will be in direct competition with tens of 1000's of hotel rooms.
Graham Atwater New to Chicagoland!
15 May 2024 | 10 replies
And I'm concentrating on Lake County as I'm familiar with the area some and have ties to the Navy base which may provide a competitive edge.
Chris Holloway Washer and Dryer Machines with Digital/Card Payment Options in Ohio for Four-Unit
14 May 2024 | 4 replies
It's an amenity - you're not trying to be price competitive with the laundromat. 
Account Closed Using Hard money to purchase
14 May 2024 | 1 reply
HMLs enable quick acquisition leverage which is essential in competitive markets, and offer flexible qualification criteria, focusing on the property's potential. 
Michael Glaspie Best alternative to CoStar
14 May 2024 | 17 replies
Michael-  I have thought about putting together a competition version of Costar.