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24 February 2025 | 2 replies
Plus, these properties are usually sold as-is, so an inspection wont change much.What experienced Flippers Do InsteadBring a Contractor Instead A 15-minute walkthrough with a good contractor will tell you what you need to know.Know Your Numbers Upfront If you price in a repair buffer, minor surprises wont kill your deal.Use the Inspection Period (If Allowed) Some wholesalers offer a short due diligence window use it wisely.When an Inspection Makes SenseIf you’re new and not confident in spotting costly repairs.If its a high-end deal or potential structural issue.If your lender or partner requires it.If you do need an inspection, find an inspector who moves fast and work directly with the wholesaler to coordinate access.
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24 February 2025 | 9 replies
Being a Teacher and self managing your investment home...
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5 February 2025 | 3 replies
Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.
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22 February 2025 | 2 replies
I asked my CPA if I should check with my mortgage company before transferring the deed, but they advised that I just do the transfer through an attorney and not explicitly inform the bank.A few attorneys I consulted also had mixed responses, saying it may or may not be an issue, and that many investors do it without problems.Instead of transferring the properties directly to the LLC, would it make more sense to:1.
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19 February 2025 | 27 replies
He has opened his doors up to us before to his personal house and cares about people actually making it.I got my first BRRRR property completed last year as a direct result of me being in the Academy.
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10 February 2025 | 1 reply
Any advice or direction is appreciated!
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3 February 2025 | 8 replies
Apartment buildings, assisted living facilities, self storage, restaurants...
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17 February 2025 | 7 replies
I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.
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17 February 2025 | 2 replies
-Connecting with experienced investors, agents, and mentors who can guide me in the right direction.
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14 February 2025 | 12 replies
Especially if the rental is cash flowing and paying its self off.