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16 February 2025 | 18 replies
Is this reasonable or do I need more money?
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11 February 2025 | 15 replies
I have the money to invest and flip but I would love to find someone who has experience that I could learn from on a deal.
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?
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5 February 2025 | 5 replies
I am trying to get a hard money loan to start with the BRRR method.
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12 February 2025 | 5 replies
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $110,000
Cash invested: $60,000
Sale price: $225,000
This property has 2 units and 2 storage units creat...
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29 January 2025 | 11 replies
This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out.
31 January 2025 | 6 replies
You'll pay a higher rate and may need to have more of your own money in the deal in case of unexpected repairs.
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29 January 2025 | 25 replies
(saving the money to have your own deal is the worst idea)
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4 February 2025 | 18 replies
If it cannot do that, it's likely to make little to no money in the first year or two.
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3 February 2025 | 25 replies
I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.