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13 June 2024 | 14 replies
Unfortunately they will make all the promises and say all the right things but the follow through is non existent.
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13 June 2024 | 6 replies
My presentations were geared towards new construction, but there are ways to improve existing homes as well.The main keys are to understand how energy (heat/cold) moves through houses and how to eliminate the weak links in heat loss/gain.
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14 June 2024 | 25 replies
From personal experience, MLS deals are much less lucrative given their higher price points (typically).With respect to financing, you can talk to any of the hard money lenders on this site for different financing programs they offer (some are tighter with someone who has not yet executed a flip), you can take equity out on existing properties you have, you can use private loan from a friend or relative.
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16 June 2024 | 27 replies
Start Small: Given your current savings, start with a smaller duplex or triplex to minimize risk.Leverage Your Skills: Your design skills can add significant value to rehab projects, making the properties more attractive to renters.Stay Disciplined: Stick to a strict budget and timeline for your rehabs to control costs and maximize returns.Build a Cushion: Always have a reserve fund for unexpected expenses during rehab and rental periods.By combining your hustle, strategic planning, and leveraging your existing network and knowledge, you can successfully transition into real estate investing and achieve financial freedom.Best of luck, and feel free to reach out with any questions!
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13 June 2024 | 25 replies
We saved lots of money and time, by condo-ing a 17 townhouse complex as well as condo-ing and existing building built around 1900.
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13 June 2024 | 13 replies
my brokers all told me 10.9-11% for HELOC's and so i called Navy Federal CU and they quoted me at 9% with a $700 fee for the loan, that's really competitive so I went with the CU.Brokers are good at getting a bank account loan, based on existing funds if you don't want them to pull credit/income verification
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12 June 2024 | 3 replies
Hi All,When we moved into our house we had an existing structure in our backyard.
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12 June 2024 | 14 replies
Existing permits will not transfer but some can reliably be granted within months or just post closing.
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12 June 2024 | 10 replies
After that step, they should be fine with signing a Quit Claim Deed to you.No lender is removing anyone from an existing loan.
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12 June 2024 | 16 replies
If so is the LLC still in existence?