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18 February 2025 | 5 replies
Since then I’ve been leveraging my way to generational wealth with “good debt.”
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17 February 2025 | 13 replies
If loan balance is $300k and it's worth $400k and an equity partner puts $40k to bring it current then they have about 40% of equity in the property - now they would not take straight $40k as probably more costs involved.
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17 February 2025 | 3 replies
If by selling this great deal you are just paying down your principal of the home then it wouldn't make any sense because your payments would stay the same.
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20 February 2025 | 3 replies
The right PMC can help you find properties, rehab them and then rent them. - We call this our "BRRR Turnkey" Program.
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20 February 2025 | 2 replies
See properties that are in and out of escrow, that is another sign the seller might be getting tired of getting their hopes up and then the hopes get crushed.
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12 February 2025 | 19 replies
Then you can think of yourself and what you want from a property.
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20 February 2025 | 2 replies
If you are all in $200k into a property and it is worth $350,000 after repairs, then you should be able to receive all of your initial cost on a refinance using the new appraised value.
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13 February 2025 | 17 replies
So I then get a follow-up call.
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13 February 2025 | 12 replies
Potentially even visa versa since putting a few short term rentals would immediately generate some income and then sell off the parcels either with or without an income producing rental already in place.
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13 February 2025 | 9 replies
Dissolving the LLC and distributing the property to the former members as tenants in common and then selling is a relatively common practice in these situations.