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5 July 2024 | 19 replies
You would of course not deplete all of your cash reserves on the down payment in order to service the monthly debt payment and carrying costs, but this should give you an idea of what you can accomplish now if the time is right.Many hard money products offer 100% funding for rehab costs so you would not need to save for this portion of the BRRRR project.
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4 July 2024 | 1 reply
That means a column on a spreadsheet for each property (tax number) and a comprehensive list of items on the row side of the spreadsheet.I want to look at what my exit strategy is for each building.I want to know why he is offering seller financing and of course if it's a fair price, has title reports and is done through escrow.I don't need a real estate agent, but I would have inspections done to look for something I night miss.I want to know if buying the lot and selling off a portion makes sense.
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5 July 2024 | 19 replies
It wasn't a good experience for them, I offered a portion of their money back due to the inconvience and turned off the feature.
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4 July 2024 | 7 replies
I would say just make sure you have the income to be able to reliably pay your portion of the mortgage, be very conservative with your underwriting, and keep a few months in reserves.
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4 July 2024 | 5 replies
For properties that size, you are not looking at the major CRE lenders.
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5 July 2024 | 12 replies
What percentage downpayment will be needed. 3. 1 and 2 determine your deal size.
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10 July 2024 | 112 replies
Example: first you have to try stocks, then you have to learn real estate, then you try a small business, then a medium sized business, then a big business...
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10 July 2024 | 256 replies
We would like to retire one day, but spent a good portion of our investment dollars with him and his fellow criminals that we have never had hope of seeing again.
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3 July 2024 | 5 replies
Obviously that stance is different for everyone, maybe just take some of that cash flow as profit and put another portion back into the property.
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4 July 2024 | 11 replies
You mentioned that 7% is a large portion of long term market return, and I would agree with you.