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8 December 2024 | 26 replies
In Iredell County (the county Mooresville is in) has a median price of $376,000 so going slightly outside Mooresville might be more appealing.
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5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
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3 December 2024 | 9 replies
One of the project neighbors slowed the project by 6 months by appealing the staff decision through design review, planning and zoning and city council.
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19 December 2024 | 50 replies
the law firm appealed the sanction and that went all the way to the 9th circuit and they still lost..
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29 November 2024 | 8 replies
After owning properties C/D neighborhoods with high crime statistics, I have experienced all of the things that go along with it: 1) High turnover rate; 2) Tenants that don't care for the property; 3) Little/No apprec...
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6 December 2024 | 27 replies
While S8 can be appealing for its steady payments, in my experience, the returns often aren’t worth the effort, especially for newer investors.
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14 December 2024 | 101 replies
There is also the lending field which is quite lucrative if your more into financecommercial real estate if some day you want to be doing bigger deals and making 6 figure commissions checks.. etc etc.to try to start your business as a flipper or wholesaler is tough and it has a 95% failure rate being that it appeals to the mass's of which many frankly don't have the skills to succeed or the financing behind them.OR converselyMake money at your chosen profession save and buy and hold.. buy the best you can hold for long term.. same with buying securities .
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4 December 2024 | 5 replies
Fundamentals change neighborhood to neighborhood (i.e. appreciation potential), inventory/absorption issues may exist, rogue city council members and/or registered community organizations can make neighborhoods less appealing with little oversight which impacts value and marketability.
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7 December 2024 | 33 replies
I'm looking to start off in areas with lower costs coming in, preferably under $100k single families but definitely under $200k.These markets are particularly appealing for novice investors, especially those from California, as they offer more affordable options compared to local alternatives.
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10 December 2024 | 25 replies
but i understand the appeal from your perspective.