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5 February 2025 | 16 replies
.- It's not profitable for them to search for under-market priced houses, figure out repairs needed or what other problem is pushing the price down and do even more for a newbie investor that has analysis-paralysis and may never buy anything.Some questions you'll want to share the answers to with any agent you choose:1) Are you paying cash or getting a mortgage?
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24 January 2025 | 5 replies
If you don't have to own your own residence though, why not invest the money in a profitable investment elsewhere and rent in Japan?
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27 January 2025 | 7 replies
Also, for me 30+ bookings tend to be less profitable even though there are less vacancies.
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29 January 2025 | 19 replies
agree .. other wise its just the bottom feeders looking to take his equity from him with couching it as a rescue.. his best bet it to sell if its owner occ the profit is tax free .. regroup and start over..
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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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23 February 2025 | 39 replies
I talked about this in some detail in my BiggerPockets book Storing Up Profits on self storage.
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21 January 2025 | 5 replies
However, if you are profiting over 6 figures, the property might be too expensive to live in order to truly house hack.
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27 January 2025 | 6 replies
That said, when there are profits for both sides of the equation (borrowers & lenders), private investors/hard money lenders are more inclined to favor the project.
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23 January 2025 | 10 replies
. $3000 profit, minus about $2300 in mortgage, property taxes and insurance leaves about $700 cashflow, when I move out.
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22 January 2025 | 0 replies
. $20,000 profit after realtor commission.