Kolby Knickerbocker
should I sell a property to pull out $500K and invest it elsewhere?
15 January 2025 | 18 replies
If you’re not using a 1031 exchange, you’ll need to account for this.Reinvestment Risk: Entering new markets and managing multiple properties may present challenges, especially if you’re unfamiliar with the areas.Alternative StrategiesBefore committing to selling, consider these options:Leverage the Equity (HELOC or Cash-Out Refinance):With a 3.1% loan, selling might not be the best first move.
John Kim
Anyone Have Experience with Section 8 in Detroit?
30 December 2024 | 18 replies
@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!
Brandon Leo
Advice on Picking Up Commercial Customers?
2 January 2025 | 2 replies
I only ask because that is, in my opinion, the most challenging part.
Lucas Miles
37-Unit - HUD Section8 HAP Multifamily
28 December 2024 | 3 replies
Lending was another challenge, lending restrictions were starting to tighten up, and we had to get a bit creative with our lenders to get the financing we needed to close.
Henry Clark
Self Storage- Just Built, To Sell or Not
16 January 2025 | 6 replies
I own one facility and it has been quite a challenge so far.
Jayleco Mcgaughy
New to Wholesaling: Seeking Tips and Guidance to Get Started in Real Estate
31 December 2024 | 2 replies
One of the challenges of beginning wholesalers is they do not have a buyer's list.
John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
Just be prepared for a learning curve and stay adaptable to new challenges.
Rachel Hadass
Looking to connect with other mamas balancing jobs, kids and real estate!
5 January 2025 | 31 replies
What I'm looking for: Other women going through similar challenges so that we can share our successes and our failures and lift each other up.
James Dugan
Fannie Mae / FHA 203k lenders for DFW?
3 January 2025 | 9 replies
The biggest challenge seems to be finding lenders that offer these loan products which is where I’m looking for help from the community with recommended lenders that serve Texas.The Fannie Mae (or Freddie Mac) options are preferred over FHA purely because of the (perhaps perceived) limit on renovation funds that the FHA option provides.