
28 May 2024 | 0 replies
Can anyone offer tried and true tips for securing a good contracting team for a small-scale investor?

1 June 2024 | 48 replies
I was able to secure the deal with him for $105,000 then, a few days later I used Sean Terry’s real estate retail buyer program script he intermittently gave away during his explanation video.

28 May 2024 | 1 reply
Despite these attractive features, I've encountered challenges in securing qualified renters, as the property has been on the market for the past 30 days.

28 May 2024 | 5 replies
To me, the most important contact is your contractor in the BRRRR process, so I would start by securing a good 1-2 contractors.

29 May 2024 | 12 replies
You can probably secure the hard money with less than a 25% down payment, and then if things go right - 0 out of pocket on the refinance, but you will still need at least some "skin in the game" regarding a little equity/down payment to start.Sharing this article published here on BP last year on this topic - hope it can help too!

28 May 2024 | 2 replies
Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.

25 May 2024 | 17 replies
Never let a tenant move in without a security deposit paid in full.

30 May 2024 | 33 replies
The cost to evict, in terms of lost rent, vacancy, turnover costs, plus the work involved to secure a new tenant who ON AVERAGE will be WORSE than the one you would be evicting sounds counter-productive.

28 May 2024 | 19 replies
Nighttime security guard at a large complex in a Class B area.

31 May 2024 | 111 replies
I believe that this is what led me to develop the work ethic I have and develop an appreciation for financial security.