13 June 2024 | 3 replies
So, you can't add that language to the existing lease now anyways.

13 June 2024 | 8 replies
I would pay the Seller a set amount, maybe 1/2 what the existing renters are supposed to be paying.

15 June 2024 | 87 replies
I do not care if the second liable party is the worst credit risk know since man existed -- how does this harm the lender that 2 are liable to pay?
13 June 2024 | 1 reply
I can provide a complete demo service of existing house floors, bathrooms, kitchens etc. and re-install tile on floors, kitchen backsplash, tile over tub, walk in showers and curbless showers.
13 June 2024 | 1 reply
Either leverage an existing asset (stock portfolio, for example, if you have one) or leverage a relationship (like partnering with someone).

13 June 2024 | 1 reply
In many situations, the buyer of the LLC will have to qualify with the existing bank.

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.

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.

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.

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!