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9 January 2025 | 8 replies
I always suggest buying fewer but better properties.
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6 January 2025 | 1 reply
I am looking into buying a duplex in Hyatt Park and wanted to get some advice on what contractors/suppliers I could contact that have investor friendly pricing for kitchen cabinets, countertops, and bathroom vanities.
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9 January 2025 | 9 replies
you also need to source the property, and for BRRRR you need a goldilocks property - something that is distressed enough that you can buy substantially below market, but not so distressed that it's not worth fixing up.hope this helps - happy to help further
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6 January 2025 | 8 replies
Then I'd start by saving up, so you can buy your own house and rent out rooms in the house (or buy a place with a suite).Talk to your parents about what their goals are with the properties, what they like and what they don't like.
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6 January 2025 | 2 replies
As you gather all this information, I would continue bettering the process and continuing to buy deals.
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4 January 2025 | 2 replies
With that in mind, you should have a decade or more perspective when you buy.
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7 January 2025 | 11 replies
-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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6 January 2025 | 28 replies
What are your long term goals (eg do you want to buy another house) and do you have a large savings set aside for unexpected expenses?
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5 January 2025 | 17 replies
Then I can use the rental income from my tax return.I talked to the one lender and said that I have no interest in buying down the rate on the FHA with points.The DTI however does not work unfortunately with the conventional with a lower down payment I am being told.
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7 January 2025 | 0 replies
Investment Info:Single-family residence buy & hold investment.