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7 January 2025 | 8 replies
Now, you need to figure out how to find deals and pay for them.
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5 January 2025 | 7 replies
This figure is for C class properties.
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12 January 2025 | 8 replies
I figured calling would be easier, and they said I can't transfer the title or they will call the loan due.
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14 January 2025 | 21 replies
However, there wasn’t much residential use and I couldn’t figure out where the housing neighborhoods are.
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3 January 2025 | 6 replies
Are the comps from the Bigger Pockets per unit figures?
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19 January 2025 | 9 replies
But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.
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23 January 2025 | 52 replies
What I do in a situation like that, is I try to figure out what I think they really would like to ask if they had enough knowledge to ask a good question.And then I answer the question I think they would ask if they knew more about this business vs. the original question.
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14 January 2025 | 8 replies
Surely others have this issue and have figured out a workaround, any suggestions???
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7 January 2025 | 11 replies
-------------------------------------------------------------------------------------------------------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?
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9 January 2025 | 16 replies
I'm looking at expanding into out of state and just trying to figure out what questions I should ask/data I should gather to make an informed decision!