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25 January 2025 | 17 replies
At the end of the day, it’s a big decision choosing who to invest with, but the academy is very enticing.
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22 February 2025 | 14 replies
These are weighing on your decision.
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18 February 2025 | 25 replies
to your point, if you save up so that you're in a strong financial position, house hack a solid duplex in a decent neighborhood, make smart decisions, and hold it indefinitely, you'll be fine.conversely, if you have $0 and somehow start out with a risky flip, or borrow $20K and spend it all on a magic mentoring program, or buy a terrible property in a neighborhood you've never been to, you may not be fine.
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1 February 2025 | 7 replies
Then make your decision based on information.
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18 February 2025 | 15 replies
If you try to do it all yourself, the risk is much greater because there are many more opportunities to make a bad decision that can be very costly.
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3 February 2025 | 15 replies
Yes, I am one of his student and I can say this is my best decision ever.
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31 January 2025 | 8 replies
@Andrew SyriosI will consult with an attorney that does evictions and make a calculated decision from there.
8 February 2025 | 89 replies
I would need to see Norada's actual investment docs personally to make a decision.
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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12 February 2025 | 20 replies
The letter stated it was a cash deal up to $300,000 which is why the decision to close in 15 days was implemented.