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3 December 2024 | 0 replies
House was distressed How did you find this deal and how did you negotiate it?
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5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
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3 December 2024 | 0 replies
House was distressed How did you find this deal and how did you negotiate it?
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4 December 2024 | 4 replies
I tried convincing her that we should buy a new house every 2 years with the VA loan and rent the old one, but I can't get her onboard haha.I'll start looking at the most distressed houses in great neighborhoods.
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2 December 2024 | 2 replies
What type of property are looking to inspect (residential, commercial, distressed, etc.) and what is the intended use of the property?
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3 December 2024 | 15 replies
Preparing for a BRRRR can involve buying distressed properties, rehabbing, renting, refinancing, and repeating.
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3 December 2024 | 4 replies
I'm not looking to step on anyone's territory, rather wanting to help people that are in distressed mode because they are losing their home, are whatever the reason is that they are motivated to sell.
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7 December 2024 | 9 replies
On top of that, when you go to sell you learn the market has been stagnant and has not appreciated with limited owner occupants & investors are not willing to pay retail given the amount of distressed inventory that exists in the market.
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19 December 2024 | 82 replies
I own an interior design and renovation service, so I'm ready to skip step one and go right to the distressed property.
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5 December 2024 | 14 replies
I am an investor and realtor as well but I focus mostly on fixing up distressed properties to increase value and grow the equity and that usually allows better cashflow also.