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4 February 2025 | 5 replies
Also seems like a lot of MF sells occupied with tenants in place so you just have to comfortable with that and contracting up from and seeing inside after contracting. 1st step is to find a great lender and get pre-approved for a loan so you know what your budget is.
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3 February 2025 | 4 replies
I think working with an architect to build something really unique and custom is always the best move if you have the budget for it.
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20 January 2025 | 7 replies
The condo will limit the rental options to age restrictions.
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5 February 2025 | 56 replies
Your only option will be to find a job to supplement your diminishing ability to sustain your standard of living.The income must last throughout your lifetime.
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19 January 2025 | 51 replies
When I have some free time, I'll research other options that won't cost a fortune for the small guy.
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21 January 2025 | 5 replies
Two best options are house hack or sell and acquire a 1031 property.
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2 February 2025 | 5 replies
To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?
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9 January 2025 | 2 replies
Staging your house well can help you attract more attention from buyers, which ultimately helps it sell faster and maybe for a higher price than an unstaged home (see visual):What Are My Staging Options?
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24 January 2025 | 18 replies
An option to better understand and see the model without having to spend all the time is turnkey interesting.