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19 February 2025 | 1 reply
We took about 14 months to close this deal and the seller was very generous on keeping the price low.
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17 February 2025 | 2 replies
I guess my question is, should I narrow my focus to one REI strategy or keep it broad and analyze each opportunity individually?
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31 January 2025 | 29 replies
After that it’s paint and finishing touches. the market here has come to a hault.
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25 February 2025 | 7 replies
BiggerPockets is a great place for that, so keep asking questions and refining your process.At the end of the day, estimating rehab costs is a skill that gets better with experience.
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15 February 2025 | 3 replies
@Derrick Roland II Let's see, traffic noise, challenges backing out of your driveway, have to keep kids in backyard and off front sidewalks, big trucks passing by will shake the whole place, can't think of anything positive.All the negatives will reduce your max rent and make it harder/longer to find tenants.What's more important is understanding if the Neighborhood is Class C or D.
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25 February 2025 | 21 replies
STRs can bring in higher revenue but require more turnover, guest management, and keeping up with regulations.
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18 February 2025 | 3 replies
If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!
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15 February 2025 | 2 replies
Now you can always rent it out and just keep it on the down low but just be aware of the risk.
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25 February 2025 | 3 replies
I find trying to force affordable housing on the private sector just keeps deals from happening so even though these are feel good intentions by the jurisdiction and they get brownie points for them..
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22 February 2025 | 109 replies
I suspect these things tend to snowball on top of things, wherein funds start cracking and you have to keep running faster and faster to keep a roof over your head and everyone paid.