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19 February 2025 | 7 replies
You can build a list of target properties, call those owners, follow-up long-term and be there to buy or help them sell when the opportunity presents itself.
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25 February 2025 | 1 reply
I was buying an RV, and she said I didn't qualify because of my income.
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25 February 2025 | 0 replies
We didn't do any major renovations since buying and renting it out, but Redfin tells us that we gained ~$60k of equity.
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10 February 2025 | 16 replies
Am I buying it after it's been renovated and rents have been raised?
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21 February 2025 | 5 replies
It can run buy, arbitrage, and co-host scenarios very quickly and easily.
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25 February 2025 | 24 replies
You could buy a distressed deal, add some value (as a team), and refinance when interest rates are more favorable.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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15 February 2025 | 0 replies
Investment Info:Small multi-family (2-4 units) buy & hold investment in Columbus.
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14 February 2025 | 9 replies
@Katharine Chartrand This buying of redemention rights is rampant here In Oregon.. those that buy the rights usually have no interest in the house.. they hold the rights hostage so you will pay them money for those rights..
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14 February 2025 | 4 replies
I know you don't have money for a downpayment yet, but when you do, rent out rooms or buy a duplex or triplex and live in one side and rent out the others.