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29 September 2024 | 6 replies
I’ve been actively seeking mentorship opportunities in Dallas, diving into real estate literature (including David Greene’s BRRRR method), and connecting with others who are passionate about achieving financial freedom through real estate.If you work in IT, are based in Dallas, or simply want to connect, I’d love to hear from you!
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30 September 2024 | 9 replies
I’m not well versed in engineering but would think if you try hard you could combine the two and make yourself a niche market that you’re uniquely suited for and could benefit you financially.
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29 September 2024 | 6 replies
Determine a goal you’d like to work toward financially, is it “financial freedom” (whatever that means to you), buying a business, becoming self employed, becoming a full time real estate investor, having enough cash for your kids college education, having enough to retire, becoming a centi millionaire, etc.3.
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30 September 2024 | 10 replies
The reason I ask is that I'm sure there are other markets, like Pittsburgh, that are close enough that you could do a quick weekend trip to check in but are more financially advantageous.
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29 September 2024 | 9 replies
Tenanted properties are extremely challenging to sell and the recent change in notice period has made that worse in BC.You are in a tough spot either way, only you know your financial situation and your numbers.
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1 October 2024 | 14 replies
Depending on your financial situation, negative cash flow for a couple of years may make sense (talk with your CPA).The local REIA is a great spot to connect with other investors, there is one at Mazama Brewing every month in Orenco Station.
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25 September 2024 | 12 replies
I'm not a financial advisor but I don't see how accruing more debt is going to help your situation.
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30 September 2024 | 47 replies
Learn the basics of financials in RE, build a strong team on the ground, understand the ins and outs of RE and what market your in, understand how to actually flip the home and what strategy you are doing (Highly recommend the BRRR) as holding homes is where the money is made.
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29 September 2024 | 8 replies
The seller retains legal title until the contract is fulfilled.Advantages:Lower Upfront Costs: You can avoid closing costs typically associated with formal closings.Control: You can take control of the property to make repairs and sell it while leaving the original financing in place.More Flexibility: Compared to a novation, a land contract offers you more control over the property since you hold equitable interest.Risks:Seller’s Cooperation: The seller retains legal title, which can complicate things if they change their mind or their financial situation worsens.Resale Issues: FHA buyers may require the deed to be in your name for 90 days before they can purchase, which could slow down your resale plans.Subject-To FinancingHow It Works: In a subject-to deal, you take title to the property while the seller’s existing mortgage stays in place.
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1 October 2024 | 12 replies
Ask they to talk to their investors about financial advisory, underwriting, exit strategies, etc.