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5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
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4 December 2024 | 12 replies
Ill have to look into that when I get back!
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5 December 2024 | 7 replies
In the meantime I will continue the search for a new PMC and talk to our lawyer with the intent of filing a suit since odds are it will be needed.
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2 December 2024 | 6 replies
They arent really allowed to turn you away, but they will push you away with terrible loan pricing and intentionally bad service.
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2 December 2024 | 4 replies
Condo's are ill advised for investments because you possess far less control.
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12 December 2024 | 49 replies
While it's then a good thing that I wrote that my intention wasn't to be condescending, I'd have been better off writing my post in a way that clearly wasn't.When posting in the forum, you often run the risk of making someone unhappy, even if you're mindful about avoiding it.
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2 December 2024 | 34 replies
If that is your intention the slow flip method is not for you.
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3 December 2024 | 3 replies
but if you are doubting my intention… look me up online and on Zillow reviews.
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3 December 2024 | 6 replies
For anyone following: It cost me $5 to file the updated statement of info and I simply drafted an amendment to the existing internal operating agreement to clarify our intent to operate as a married SMLLC.
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11 December 2024 | 101 replies
However, again, we are being hostage to ill-advised monetary policies that could wreak havoc on anything that you own.