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5 February 2025 | 5 replies
Quote from @Drew Sygit: @Jordan Miller most Class A & B rental properties bought since 2021 really don't cashflow from day one.Class B will take 1-3 years to start showing cashflow.Class A, 3-5 years.Current investors keep making the mistake of looking back at deals from 5-10 years ago when prices & interest rates were both a lot lower, but NOT rental rates.
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13 February 2025 | 16 replies
Quote from @Drew Sygit: @Adrian Lammersdorf-Scioll expand your mind!
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7 February 2025 | 10 replies
Quote from @Drew Sygit: @Nathan Gesner too funny!
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29 January 2025 | 2 replies
Does anyone know of any meetups/ networking events regarding real estate or entrepreneurship?
Looking for ways to expand my network as well as possible job opportunities.
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29 January 2025 | 16 replies
Look up Michael Drew (Real Estate Done 4 U).
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31 January 2025 | 8 replies
Thani you for sharing and asking questions drew.
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24 January 2025 | 13 replies
It's meeting people a little ahead of you that really make it seem doable.
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24 January 2025 | 7 replies
Quote from @Drew Sygit: @Chanel Snerling if you're going to rezone in those Neighborhoods, you'd be better off going with max number of units possible.What construction project development & management experience do you have?
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8 February 2025 | 14 replies
network, meet people, go to meetups, take people out for coffee, and walk as many properties as you can.
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24 January 2025 | 11 replies
Nothing illegal about doing that, but if caught, the lender may call the loan due and if you don't correct the situation or pay the loan off, they willstart mortgage foreclosure.3) You could also go the HELOC route to tap the equity in the home, but the 12-month owner-occupancy will also apply AND the interest rate on the HELOC will fluctuate with the Fed Fund Rate.4) You could do a cashout refi as an investment property, but that will be at an interest rate 0.5-1% higher than owner-occupied rate.Suggest you meet with 2-3 lenders to explore your options about the above.Once you have access to funds, recommend you buy a 2-4 unit with 20-25% down. - You can buy owner-occupied, live in one unit, and fix up and rent the other unit(s).- If you're handy, recommend buying a property in the worst condition you can tolerate.