Bradley Mair
Primary Res to Rental and Repeat
7 November 2024 | 15 replies
My wife and are implementing this "Nomad Strategy" and are about to start looking for our 3rd property here in Colorado Springs.The major issue right now is interest rates, and the fact that if you only put down a 5% DP and borrow the other 95% at a 6.5% - 7% rate you will not even come close to covering your mortgage with the rent when you move out next year.So, we found a VA assumable loan (FHA loans are also assumable) with a 3% rate and a seller who had an overpriced listing because he was pricing to break-even after paying off his debt and closing costs for selling the home.
Zigmunt Smigaj
Portfolio insurance needed!
4 November 2024 | 2 replies
Neither is taking on new landlord policies in Texas or Colorado (where my property located).
Dayton Bishop
How to get into investing even though I have no money to do so
8 November 2024 | 10 replies
He worked his *** off for a year to save some money, then convinced his dad to contribute and co-sign.
Sateesh Kumar
Repositioning Equity from Jersey City NJ to Berkeley CA
7 November 2024 | 7 replies
However, JC as you know is overrun with new build multifamily options so there is a lot of competition in Hudson Co whereas the suburbs there is none.It really depends if you need the money to buy a house out there and want to plant roots.
Steve Saussier
(CRE) Realtor buyer commission and exclusivity clause
6 November 2024 | 1 reply
**Dual Representation or Referral Options**: If you’re open to a co-brokerage scenario, you could also work out terms where your realtor earns a referral fee instead of the full buyer commission.
Haim Assaraf
Suggested Tenant Amenities
6 November 2024 | 6 replies
Or I do like the suggestion above of a co-work meeting space, assuming it is a bigger urban area that would be a solid potential income stream.
Jahid M.
Intro first post
5 November 2024 | 11 replies
I house hack in Denver, Colorado and I airbnb my property.
Tony P.
Considering a Side Hustle as a Real Estate Agent in Canada
6 November 2024 | 4 replies
Mainly, prospecting - aka speaking with potential buyers and sellers.I would also recommend calling everyone you know (Neighbors, family, friends, co-workers, etc.) to let them know you're in RE... don't say its a side-hustle... don't say you're 'trying it out'... don't say its only a P-T thing...
Kyle Roderick
STR in Plymouth MA
5 November 2024 | 5 replies
I’m in a STR mastermind and starting a co-hosting business so will get something out that way soon!