Tara Montgomery
Emergency Sale Ideas
30 December 2024 | 4 replies
My idea is to find another buyer who has cash i.e. their own funds, access to hedge funds etc I just don't know if I should list it on MLS or where to find this type of buyer quickly any ideas for a super quick sale this would be as is the title is already ran and I just did renovations on both properties?
Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 replies
@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Jonathan Bombaci
5 Ways To get Started with $100k or Less
30 December 2024 | 3 replies
We host Free Meetups in Boston, Worcester, Lowell, Manchester, Portsmouth, and Biddeford. 3️⃣ BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat):Find distressed properties, add value through renovations, and refinance to pull most of your cash back out.
Bradley Buxton
What are the scariest things about real estate investing?
5 January 2025 | 24 replies
The hard money loan interest rates scared me, renovations were going to go over, ARVs probably overestimated, got out of it.
Kurtis Sargent
First time remodeling project - Learned a lot
28 December 2024 | 1 reply
I began the renovation process by enlisting the help of a relative and some of his friends to gut the interior.
James Dugan
Fannie Mae / FHA 203k lenders for DFW?
3 January 2025 | 9 replies
The biggest challenge seems to be finding lenders that offer these loan products which is where I’m looking for help from the community with recommended lenders that serve Texas.The Fannie Mae (or Freddie Mac) options are preferred over FHA purely because of the (perhaps perceived) limit on renovation funds that the FHA option provides.
Mark A. McElhannon
Basic approach to secure financing on an investment property
8 January 2025 | 7 replies
Renovation loan.
Chase Pomerantz
Newbies looking to break into real estate investing
7 January 2025 | 8 replies
It could be some sort of skill set for renovations, design for furnished rentals, specific market knowledge, owner occupied loan products for a house hack, etc.
Kurtis Sargent
First time remodeling project - Learned a lot
27 December 2024 | 0 replies
The house, built in the early 1900s, was outdated and required major renovations.
Tom Borton
Help me analyze: Potential STR mountain cabin build (Packwood WA)
10 January 2025 | 14 replies
My first impression is that your numbers in the current economic climate seem a little rosy.I also have friends that are builders and I try to stay in touch with them on costs as we mostly do "to the studs" renovations when we buy a place.