Kwok Wong
How to submit a respectful lowball offer?
7 December 2024 | 9 replies
This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.
Kyle Kline
How do you fund property repairs/expenses if you are “investing for equity”?
13 December 2024 | 35 replies
A capital improvement is not - it gets added to the basis which ultimately reduces the tax due on sale but it’s not tax deductible in the sense in reduces current income.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
Ultimately controlling your spending and making extra principal payments is the way pay your mortgage off early.Also one final warning, you must state on the extra payment that it is "Principal Only" or the mortgage company will apply it towards interest and principal.
Andrew Pierce
Doctors Loan/Conventional Loan = You Must Occupy the Property forever?!?
8 December 2024 | 10 replies
Your loan agreement will ultimately dictate what you can and can't do with the property.
Dennis Boettjer
Recommended syndication companies? (NON-accredited)
24 November 2024 | 8 replies
There are a lot of groups out there right now that had made-for-TV track records that will likely not be in business in a couple years.Focus on the experience of the team, how long they have been in the business, how many market cycles they’ve survived, their philosophy on leverage, and how many properties they bought in 2022/2023 (a good answer would be few, a great answer would be none).And do yourself a favor and read The Hands-Off Investor (in the BP bookstore) before you invest a single dollar in a syndication.
Caiden Mooney
Introduction and Seeking Advice on Best Way to Leverage $50,000
29 November 2024 | 7 replies
I would consider single family homes as well but multifamily is the ultimate goal.
Jeff Hines
How would you start investing if you had $150k???
17 December 2024 | 86 replies
If you want more info on Cleveland you should read The Ultimate Guide to Grading Cleveland Neighborhoods.
Sebastian Tamburro
New Investor looking to break into the foreclosure market
2 December 2024 | 2 replies
Ultimately, my goal is to scale my portfolio and purchase a second property within 1-2 years after graduating.
Sean MacDonald
Post Election Market Predictions?
30 November 2024 | 6 replies
Ultimately, I realized that trying to wait for a perfect moment feels a lot like attempting to time the stock market or predict a real estate bubble.There may be advantages to waiting and seeing how the election affects market policies, but it's hard to predict when those policies will take effect or how they’ll impact the market.
Marc Shin
Visiting my STR property for the first time ever... What should I be sure to do?
1 December 2024 | 15 replies
Ultimately I think the main focus of the visit is to familiarize yourself with the property (since you have not seen it in person yet) and check on the rehab work and meet your contractor and PM.