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10 February 2025 | 20 replies
Quote from @Jimmy Lieu: Quote from @Andrew Syrios: The BRRRR strategy is tough these days (I even wrote an article about it that goes into more detail a little while back: https://www.biggerpockets.com/blog/beyond-brrrr-taking-advan...)In short, high interest rates as well as labor/material costs makes it hard to buy a property with debt and cash flow.
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3 January 2025 | 2 replies
I am buying a flip house from a wholesaler.
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10 February 2025 | 3 replies
Turnkey, buy-and-holds, flips, or something else?
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11 February 2025 | 5 replies
Hello Solomon,A few tips I have for you would be to first; Analyze Deals Properly – Use the 1% rule (monthly rent ≥ 1% of purchase price) and calculate cap rate, cash flow, and ROI before buying.
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12 January 2025 | 2 replies
Hi folks,I was on a routine walk and noticed a dumbster placed in front of a house. I walked to the house and met a man who says he was cleaning out due to the loss of their mother in some few weeks back.The guy told...
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13 February 2025 | 10 replies
As an agent I’ve helped at least 50 people buy a successful STR the past 2 years - so all with todays prices, todays competition and todays rates.
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13 February 2025 | 14 replies
Hi Allen, when I got started, I used a 3% down conventional loan to buy my first property.
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4 February 2025 | 10 replies
The BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, Repeat, focuses on long-term investment, while the Fix & Flip approach involves purchasing, renovating, and selling properties for a profit.Investing in Airbnb rentals presents a distinct set of challenges, requiring active management and a thorough understanding of local regulations, but it also has the potential for higher returns.Here is a concise overview of the advantages and disadvantages of each method:Fix & Flip:Pros.- Potential for quick profits - Enhances property value - - Adaptable to market trendsCons.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.
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13 February 2025 | 16 replies
I have been a buy and hold investor on the north side since 2011 and worked with over 200+ house hackers
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1 February 2025 | 6 replies
Ensure you are buying in an area you want and can see your family living in.