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11 October 2024 | 3 replies
Palo alto the 180 recently traded at 3.2 mil and the 350k one would be over 4 mil.. and would have cash flowed a ton :( But you know I was at the time afraid of negative cash flow and I did make substantial profits on each that went into my business.. so not all bad..
10 October 2024 | 0 replies
In that case, it may be time to reap the profits from a rental property sale and invest elsewhere.
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18 October 2024 | 37 replies
Use your $40,000 to buy your way in, learn from some grey-haired guy or gal while on the job, and make a profit.
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11 October 2024 | 7 replies
Many flippers try to buy in the fall and sell in the spring to boost their profits for this reason.
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8 October 2024 | 8 replies
In August 2020, I took on what seemed like a great deal—a three-family property in Manchester. The seller was a terminally ill man who needed cash quickly to support his family before he passed. The lead came through ...
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11 October 2024 | 56 replies
But after a few years, I got really sick of being kept up late, dirty dishes always in the sink, having random girlfriends or other people come through the house, A/C running colder than I'd like, etc.In hindsight I wish I was more organized like you were.
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11 October 2024 | 8 replies
A colleague of mine in Scottsdale recently used it to turn a fixer-upper into a profitable rental within months.
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11 October 2024 | 11 replies
You may have a more profitable exit if you can build them as 1-4 units versus larger and can subdivide the buildings into separate properties.
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14 October 2024 | 22 replies
hold some of that initial 100,000$ for reserves. if you spend it all and something goes wrong you wont have time to accumulate profit the first year to really afford to fix anything. then you'd be dependent on personal income or another loan to fix the issue if one arose. play it slow and safe at first while you figure out the game and take some initial hard knocks that are bound to come.
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10 October 2024 | 7 replies
Having the rental won’t prevent you from securing other loans if it’s profitable, as lenders consider rental income in your debt-to-income ratio.