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28 January 2015 | 12 replies
Several properties near me are rentals and I thought a good way to get started would be to move my family to another house (it's a little beside the point, but I want to downsize) and using our current house as our first rental property, then using the profits from that property to bankroll the next, etc.We're 8 years into a 30 year mortgage that we got @ 4%.The house needs a little fixing up as we have pets and all that that implies.
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3 February 2015 | 3 replies
Essentially a hard-money loan (out the door w/ points).5) Should there be any financial consideration given if I do not select a particular deal and just let the investment company hold the money to bank roll any deals they need to (i.e. 1-3% higher ROI)?
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7 November 2022 | 5 replies
It's hard to predict where rates or appreciation will go, but if you reduce your living expenses significantly with a house hack, the monthly savings should bankroll you for future investments.
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6 April 2021 | 0 replies
My funds came from a hard money loan leveraged against a rental I've owned for years and my brothers came from both an LOC he took out against his primary residence and 60k from a signature loan he talked our mother into bankrolling.
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8 April 2022 | 31 replies
'Son,' the old guy says, 'I'm sorry that I am not able to bankroll you a very large start.
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29 March 2022 | 4 replies
If a great opportunity comes my way, I have quite the bankroll to work with.
3 April 2022 | 1 reply
Hi everyone. I'm coming from a long career in tech and recently retired. I've always been interested in real estate and now that I've got all the time in the world, I'm looking to explore the possibilities. I've got a...
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21 June 2022 | 2 replies
You probably hear some of those success stories on YouTube or on the podcasts about people scaling from zero to 100 units in just a couple of years, but generally speaking it is not easy to scale at that pace unless:A) You start with a significant chunk of capitalB) You have a big private equity bankroll behind youC) You start investing in a very hot, fast appreciating marketThis means that based on your timing and your financial position, it may not be until this time next year until you get your next deal.
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21 June 2022 | 8 replies
He suggested that if we brought him a deal, he would bankroll it for us and then we could refinance him out of the deal in two years.