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22 January 2025 | 4 replies
If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.
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23 January 2025 | 39 replies
Was the business credit enough to put towards a deal?
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23 January 2025 | 8 replies
In fact, approximately 40% of our business involves the Section 8 program.40%...
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22 January 2025 | 15 replies
Quote from @Michael Beirne: Hi everyone,Some business partners of mine are looking into BRRRRing in the Baltimore market and are looking to find a GC, agent, property manager and an attorney that could help us affordably close on properties.
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7 January 2025 | 19 replies
Median household income can be an indication of the area.It's not feasible to manage D-class remotely or with 3rd party management and make a profit.
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1 February 2025 | 13 replies
All contractors (no matter the trade) are businesses, and should be run as such.
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27 January 2025 | 3 replies
Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.
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24 January 2025 | 0 replies
Spend more than half of your total working hours in an RE business in which you materially participate.2.
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10 February 2025 | 12 replies
You'll learn a lot here.I recommend focusing on 1 strategy/business model and going all in on that one until you've mastered it and it's stable.