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11 January 2025 | 4 replies
Even in challenging times, well-bought properties in strong markets tend to perform over the long haul.Key Questions to Ask YourselfWhat is my investment strategy (flipping, buy-and-hold, short-term rentals, etc.), and does it align with current market conditions?
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25 December 2024 | 2 replies
if you net $150 in month 3 over and above all your costs for that month, is that profit?
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7 January 2025 | 20 replies
i would:-get the highest paying W2 job you can-save up enough to buy a house hack-house hackwhile you continue to learn and consider the other possibilities you mentioned.
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6 January 2025 | 11 replies
This platform has played such a key role in my journey over the years.
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14 January 2025 | 8 replies
$200/month divides into the $100K initial negative equals 500 months to recover the initial negative equity.Let's double the cash flow to $400/month. 250 months to recover the initial negative equity so over 20 years.Let's reduce the negative equity position to $50K (which likely is less realistic than expecting $400/month cash flow at that rent point), you are at over 10 years to recover the initial equity position.Now let's do it with all cash, no financing.The 50% rule state $900/month cash flow. 900 * 12/200K = $5.4% or about half of lifetime return of S&P 500, or what can almost be achieved with a zero work, zero risk CD.I see no way that someone who understands the numbers will call this a good investment.Note just because an investment is better than most other investments in a market does not imply something is a good investment.
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5 January 2025 | 8 replies
I once bought a house that had been on the MLS for over a year.
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4 January 2025 | 16 replies
While we were a bit over budget and slightly over our projected timeline, we were still able to force appreciate the property by $100k.
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9 January 2025 | 16 replies
@Kolby Knickerbocker the WC overall is really hectic for the hot Local markets.
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7 January 2025 | 16 replies
Some towns require a nightly online form to be filled out for any non-residents who are parking their cars (this is easily automated from an operational standpoint).As the MTR market becomes saturated over time, those who have separated themselves from the rest of the "competition" will continue to perform well by having an outstanding listing and all the MTR-specific amenities.
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11 January 2025 | 11 replies
The truth is, over the last few years, many of these people are barely cashflowing at all and the default rate with the banks on this product is skyrocketing.