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8 December 2024 | 14 replies
These properties can often be acquired through creative financing methods like:Seller Financing: Negotiate flexible terms with motivated sellers who want to avoid traditional bank processes.Lease Options/Subject-To Financing: Take over a seller’s mortgage without assuming full responsibility, especially for properties needing renovation.Creative Terms: Adjust terms to fit market conditions, like offering lower down payments or longer payoff periods.Staying connected with investors and tailoring deals to current conditions can help you secure opportunities even in challenging markets.
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1 December 2024 | 6 replies
You can't ask someone for money, but also not disclose things because you don't trust them.
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3 December 2024 | 26 replies
Similar issues happen with VRBO and Airbnb electronic payments:(
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5 December 2024 | 25 replies
He already has a down payment saved up just needs a little bit of help getting the first deal to the finish line.
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4 December 2024 | 31 replies
Also, if you go into the BRRR strategy to add more properties faster, every time you get rent and make a payment, you’d still be paying off the loan which is increasing your equity so it’s like a savings account that builds itself.
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4 December 2024 | 3 replies
Example - 10-20 hours this year managing your local rental vs 30 hours this year learning about other markets and finding third parties you can trust.
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5 December 2024 | 10 replies
absolutely... but be careful... be smart in what you invest in... trust me my friend https://www.biggerpockets.com/...take warning ... be smart... be vigilant
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5 December 2024 | 20 replies
Replacing small items such as those can often times build trust and keep your tenants happy.
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5 December 2024 | 2 replies
Aim for a 620+ credit score, save for a down payment, and research markets with strong rental demand.
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3 December 2024 | 8 replies
Turn-key would likely be the smoothest, but I am open to a fixer upper if the numbers work.As far as the unique funding, I am an equities investor with accounts held in trust and therefore my taxed income is quite low which limits my options unless I opt for a portfolio loan or separate entirely through a DSCR loan.