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26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
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13 February 2025 | 2 replies
-With my current role in my career and trajectory, I will be able to make the move out of midland in 1-2 years, so I would love the ability to leave and not worry about my home sitting on the market when we are trying to buy a home in Austin.Those are some of my thoughts and I would love to understand the reasoning for/ against this.
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12 February 2025 | 10 replies
And yes, I understand that they do not have to notify us if the note is bought out.
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12 February 2025 | 13 replies
However, if you partner with the right one, they will be instrumental to your real estate growth.As @Angie Keefe mentioned, your bookkeeper needs to specialize in Real Estate or thoroughly understand the industry because it is very balance sheet-heavy.
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13 January 2025 | 25 replies
I’m here to learn as much as I can, meet like-minded people, and get advice on making a solid first deal.
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8 February 2025 | 9 replies
I'm interested in understanding how the LP structure works for foreign investors.
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10 February 2025 | 22 replies
(we charge the same Processing Fee as depositing to our bank)4) Pay online using their tenant portal (we absorb the small fee, to encourage this behavior as the internal resources saved more than cover that fee)We understand we have scales of efficiency a DIY landlord won't.
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4 February 2025 | 7 replies
I have been trying to be understanding but it has been pushing too much.
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2 February 2025 | 2 replies
-Find a stellar lender who understands everything about the VA entitlements and how to maximize and scale using it.
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16 January 2025 | 5 replies
You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.