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13 August 2024 | 15 replies
Everyone starts out with zero experience.Like many others, I read "Rich Dad, Poor Dad" then saved up some money and bought a property with zero experience or understanding.
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12 August 2024 | 13 replies
You could always slip a 6 x 1 metal drip edge under the first row of shingles before you roll on the sealant.But yes, if you want the ultimate, and longest lasting product, metal is your way to go.I would not use a handyman for a job like this though.
13 August 2024 | 7 replies
That takes my time most nights, and weekends to receive/pack/ship those products but is super flexible with time.On top of that, I self manage 6 of my own rentals, the cash flow pays for my current mortgage and repairs so it makes living in my primary house free.Experience now:My wife and I have 6 rental homes locally, all rented, all cashflow.
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14 August 2024 | 42 replies
The website is poorly constructed, not appealing and not easy to navigate.
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16 August 2024 | 17 replies
However, always have a flexible approach – sometimes a great property comes up that’s worth pursuing even if your financing isn't fully in place yet.LendersFor multi-family housing owned by out-of-state investors, I recommend looking into regional banks or credit unions in the Midwest market you’re targeting, as they often have more tailored loan products.
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12 August 2024 | 13 replies
I have purchased with good timing and poor timing.
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15 August 2024 | 86 replies
I also find it very odd to list your qualifications on financial literacy then follow it with very (in my opinion) poor real estate financial modeling.
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12 August 2024 | 4 replies
So far I have already read "Rich dad poor dad" and "The book on rental property investing" by Brandon Turner and I am now looking for my next book.
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12 August 2024 | 1 reply
STR with PM is not generating significant higher return (this year 2 STRs are behind if they were LTRs but we had a poor off season).- Self managing STR can increase the return compared to LTR if you do a good job.
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15 August 2024 | 23 replies
Thank you for the fast reply.I am leaning towards it might be a bit risky to assume a refinance as an exit strategy if you are in a deal with a lot of equity tied up.Definitely Valdut, its always good to know all options and pick the option which allows for the best execution is speed, pricing, terms, and the right product for the given situation (rehab, acquisition, long term cashflow, construction, or interim, bridge, etc).