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6 February 2025 | 18 replies
Even if they don't realize how much money you're costing them now, someone will tell them eventually and I don't think your canned wholesaling response is going to do much to repair the damage.
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28 January 2025 | 4 replies
We only needed to pay earnest money and a portion of the closing fees bring upfront investment to 12-15K.
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3 February 2025 | 6 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
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23 January 2025 | 9 replies
I’m assuming that you save quite a bit of money.”
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21 January 2025 | 3 replies
Is it hard money loans, angel investors, etc?
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5 February 2025 | 8 replies
I'm personally making my exit - I never did assemble a team (it costs money for one, then you need the manpower and time to manage it).
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24 January 2025 | 0 replies
private money lender How did you add value to the deal?
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5 February 2025 | 1 reply
Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?
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4 February 2025 | 10 replies
After that, the lender may use a private auctioneer to auction off the property and try to recoup as much money as possible.