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10 January 2025 | 21 replies
If it's a massive budget, lenders may peak in a bit more, but definitely doable.
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15 January 2025 | 12 replies
You might consider starting with a small property that fits your budget and gradually expanding your portfolio as you learn the ropes.
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7 January 2025 | 0 replies
The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.
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5 January 2025 | 12 replies
Would you entertain a condo?
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9 January 2025 | 5 replies
Get on a budget, build your emergency fund, pay off all debts, save up.
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7 January 2025 | 5 replies
I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.
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9 January 2025 | 4 replies
@Justin Landesman's comments are critical about not funding without being on title and/or having a written contract about the distribution of profits.How much do you think the rehab budget is?
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7 January 2025 | 0 replies
Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process
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12 January 2025 | 7 replies
Also, keep in mind that an IN multi member LLC would require a separate tax return, so you would want to budget for extra admin fees.