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21 January 2025 | 6 replies
My suggestion if your goal is to free up some equity to use for another purchase - start small with the single family home with a cash out refinance.
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23 January 2025 | 5 replies
Our strategy is to find the latter.
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28 January 2025 | 4 replies
My proposal is to do the following:1) Create an LLC in which my partner and I are both owners/operators2) Have the title of the property put into the name of the LLC via quitclaim deed3) Have the Operating Agreement of the LLC outline ownership based on shares ownership model.
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22 January 2025 | 14 replies
Holding this for 1 month (hoping that's enough to refi) that's $5k.So my aim is to save money overall by making a cash offer and close it soon.
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13 January 2025 | 17 replies
I am considering purchasing empty lots priced roughly $10-15K below market value.My plan is to offer owner financing for the land.These lots have water, drainage, and electric connections available, and mobile homes are permitted.The area is experiencing significant development, with the lots surrounded by new single-family homes.I would really appreciate any advice, feedback, or suggestions.Thank you
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11 February 2025 | 7 replies
As for your lot split I am unsure exactly what you are asking but an early hurdle if you do not own the property outright is to get the lender to agree to the split and work out the details.
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10 February 2025 | 16 replies
Contact the tenant, remind him how rent is to be paid, and require him to follow those rules.
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4 February 2025 | 11 replies
You know have a brokerage with 375-400k which will make you a millionaire in a few years I am just wondering what the urge is to dump the brokerage account - are you doing all of the above?
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9 February 2025 | 2 replies
Here is the statement expanded to include formulas for doing one flip per year, two flips per year, five flips per year, and ten flips per year: One flip per year: If you start with $50,000 and do one flip per year, aiming for a 35 percent return, your progress would be: Year 1: $50,000 + (35% × $50,000) = $67,500 Year 2: $67,500 + (35% × $67,500) = $91,125 Year 3: $91,125 + (35% × $91,125) = $123,019Two flips per year: If you start with $50,000 and do two flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (0.7 × $50,000) = $85,000 Year 2: $85,000 + (0.7 × $85,000) = $144,500 Year 3: $144,500 + (0.7 × $144,500) = $245,650Five flips per year: If you start with $50,000 and do five flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (1.75 × $50,000) = $137,500 Year 2: $137,500 + (1.75 × $137,500) = $378,125 Year 3: $378,125 + (1.75 × $378,125) = $1,039,844Ten flips per year: If you start with $50,000 and do ten flips per year, aiming for a 35% return on each, your progress would be: Year 1: $50,000 + (3.5 × $50,000) = $225,000 Year 2: $225,000 + (3.5 × $225,000) = $787,500 Year 3: $787,500 + (3.5 × $787,500) = $2,756,250The key points remain the same, which is to aim for a high return through flipping, reinvest the profits to compound the gains, and be disciplined in order to build significant wealth over just a few years of this real estate investing strategy.
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17 January 2025 | 0 replies
My goal is to find off-market opportunities and present quality leads that fit the needs of active investors.Since I’m working remotely, I’d love to hear from experienced investors:What makes a remote bird-dogging service most valuable to you?