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26 January 2025 | 15 replies
I’ve bought some houses with 0% interest for a year credit cards and a few with consumer lines of credit from banks.
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30 January 2025 | 6 replies
Quote from @John Clark: Did you check for houses on the auction list, or you can check with banks and look for REOs and convert that into a single family home and house hack or turn it into a Airbnb.
11 January 2025 | 12 replies
I think the LLC also makes it easier to open a local bank account, which is convenient to pay utilities or other local bills or your property manager, etc.
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28 January 2025 | 4 replies
We've worked with local banks and been able to finance the three we own without any issues.I don't necessarily know if it's "beginner" investor friendly but you'll learn everything you need in the bootcamp which is the gold standardWe get loans with 3-7 year balloons and 25 year amortization typically
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17 February 2025 | 19 replies
I’d suggest starting with local credit unions or community banks—they’re often more flexible with investment properties.
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23 February 2025 | 25 replies
Yes, I have a written agreement, bank records, plus phone records & email and text threads showing he routinely failed the SLAs outlined in the contract.
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30 January 2025 | 7 replies
Do NOT buy anything from the Detroit Land Bank!
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10 February 2025 | 71 replies
His "buyers" - who could not qualify for a loan because, presumably, they could not convince the bank they made enough to cover PITI payments - inevitably defaulted, and after a few months he would evict and start all over.
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8 January 2025 | 14 replies
Those willing to go beyond that could be good partners for real estate investors.Traditional banks/Local Banks and non-bank lenders - If they are a portfolio lender, meaning they actually hold on to the loan and don't just collect your payment, then they have the ability to be flexible.
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29 January 2025 | 1 reply
Since bathrooms are relatively small, using some unique tiles and fixtures won’t break the bank and will go a long way with buyers.3.