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7 January 2025 | 16 replies
Having more people liable for the lease is usually positive in my experience.
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2 January 2025 | 30 replies
well, if you have 1000+ reviews, you obviously have quite a bit of experience
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2 January 2025 | 4 replies
You’ve already got a head start with hands on experience.. and you’re probably way more prepared than you think.That first property can feel both exhilarating and terrifying, so here’s what I’d focus on:Cash Flow & Analysis..
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7 January 2025 | 12 replies
@Joshua Piche with little experience, it's better that you invest locally vs OOS - unless you want to invest a LOT of time learning another market and networking with th right people.Locally, look for a 2-4 unit property that will qualify for FHA 203(k) financing. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
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31 December 2024 | 9 replies
I don't have much actual experience with many of these markets.
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4 January 2025 | 14 replies
He abandoned trying to scale.Learning from this experience when my partner and I decided we wanted to double our net income, we realized it would take a increase of 2 1/2 time our volume and probably need to triple our deal flow.
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6 January 2025 | 14 replies
Though, it has taken a lot of time and experience to get to the level where I'm at today.
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2 January 2025 | 1 reply
This community is full of knowledgeable investors who are eager to share insights and experiences to help you on your journey.To make the most of this platform, I recommend asking very specific, detailed questions.
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1 January 2025 | 0 replies
Purchase price: $45,000 Cash invested: $40,000 Property Renovation Overview: 1453 Southfield Dr, Columbus, OhioWe are excited to showcase the extensive renovation of 1453 Southfield Dr, a testament to our dedication to revitalizing living spaces and enhancing the experiences of our tenants.
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2 January 2025 | 3 replies
This allows new investors to gain experience while minimizing risk and maximizing returns right from the start.