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11 March 2024 | 6 replies
As @Nicholas L. always so brilliantly puts it, a house hack is the easiest way to accumulate properties for the lowest out-of-pocket.Buy a 4-5br home, rent each room, save that tenant-paid rent and buy again in a year or two.
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12 March 2024 | 4 replies
.- Living in Southern CA, makes it a bit of an issue due to the high cost of homes which is why I was looking at alternative methods. - I read Paces' "Wealth Without Cash" and am interested in Pre-Foreclosure opportunities. - Whether it be a house hack (currently live with parents so would prefer to rent out if it is viable i.e. it not being a primary residence) or a sub-to.
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13 March 2024 | 16 replies
Just always good to check local building codes to ensure this method is allowed.
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11 March 2024 | 0 replies
**Please excuse any grammar errors I am using talk to text Dragon software***
Feel free to chime in on the following topic I would like to get feedback from others.
Hello, are there any property managers in Ohio de...
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12 March 2024 | 22 replies
However, a challenging situation has arisen: the previous owner's son, who lost the house to the bank, is currently occupying it.I've attempted various methods to facilitate a smooth transition, including offering cash for keys and assistance with moving expenses.
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12 March 2024 | 5 replies
While this is the correct text book method of doing it, these days seller's are pricing their properties as though all units are at market rent.
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12 March 2024 | 13 replies
Not that you asked, but if you are going this route, I'd highly reccomend the BRRRR method.
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11 March 2024 | 3 replies
Guys i have a question if i did the brrrr method all the way with the rent in the end..my question after i did the second mortgage of course... the equity i have in the property van i get Heloc on this or not ?
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12 March 2024 | 36 replies
So, to do what you are asking, make sure you are using the appropriate accounting method.
12 March 2024 | 18 replies
If you feel the need to explain yourself you could always use the "Binder Method" where you walk through comps with them to help them understand where the number is coming from.