
22 May 2024 | 31 replies
the good thing about RE is .... it's easiest way to print money.but when you print it, you have to pay tax.if you want to defer it, then you go to another rabbit hole.you could also do something like this.lets say yourcapital gain is 1 Milyour primary is 1Mil with equity 500k.1031 your rental to another location where you wanna liveSell your primary tax free first 500kthen move to that rental home for forever after rented for two years.Lot of options!

22 May 2024 | 8 replies
The best way to get started here (or anywhere) is to start by purchasing your own primary home because it's easier to qualify for the loan and it gives you a chance to build equity and you can purchase more house with a lower down payment.

21 May 2024 | 7 replies
Hello, I'm a relatively new real estate agent and one of my primary reasons for getting my real estate license was to leverage it for real estate investing in my area, which is Northern Virginia.Therefore, I'm looking for suggestions and recommendations for investor-friendly brokerages where I could potentially hang my license and be an active real estate investor.One caveat, is that, I am a part-time real estate agent/part-time real estate investor.Any insights from the members would be greatly appreciated!

21 May 2024 | 8 replies
If you're okay with taking on as much risk as possible, pull out as much equity as you can from your primary and get all the mortgages the bank will let you with as little down as possible.If you want 0 risk.

21 May 2024 | 4 replies
If I had to do it all over again, I'd buy a primary residence with 3-5% down, maybe house hack, then buy a new primary every time I've saved up enough for a new down payment leaving the former primary as a rental.There's no telling when interest rates will come down.

21 May 2024 | 5 replies
Usually these investors are looking to do live in flip as their primary residence.

21 May 2024 | 8 replies
Most hard money works like this Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

21 May 2024 | 4 replies
I actually have done personally exactly what you're describing - HELOC on primary residence, use that to purchase new primary, move into new primary and rent the previous home(4 times in 5 years).

21 May 2024 | 11 replies
Hi Benjamin, I typically recommend owning your own primary residence before investing.

20 May 2024 | 0 replies
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $116,000
Cash invested: $25,000
Personal home that will become a rental once fixed and updated or will be used for ...