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24 December 2024 | 6 replies
We're exploring both options.
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1 January 2025 | 27 replies
There’s a cool breakdown here if you ever want to explore gaming design inspiration.
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22 December 2024 | 2 replies
•Explore private lenders or hard money loans if you need higher leverage, though the interest rates will likely be much higher.
1 January 2025 | 24 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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20 December 2024 | 1 reply
Here are the details of the property:Property Overview:Location: Texas2 lots, 2 warehouse buildingsFinancials:Mortgage: $4,897/month (balance: $530,000)Insurance: $830/monthProperty Tax: $1,800/monthBuilding 1:1 tenantRent: $7,570/month12,000 square feetBuilding 2:3 tenantsTenant 1: $2,850/month (5,000 square feet)Tenant 2: $1,793/month (2,500 square feet)Tenant 3: $895/month (1,250 square feet)The property was appraised for $2,200,000 three years ago.Given the current rental income and expenses, the cash flow is decent, but my family friend is looking to explore options that could potentially yield better returns.Would it make sense to:Sell the property outright and invest in higher cash-flow opportunities?
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6 January 2025 | 28 replies
BiggerPockets has great resources on both sides - explore and decide what's right for you!
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23 December 2024 | 15 replies
If lenders reject a HELOC due to lack of W2 income, explore DSCR loans, private lenders, or partnerships to fund new investments while retaining your current property.
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20 December 2024 | 9 replies
If rents are under market, consider small increases or exploring additional ways to optimize your cash flow, such as taking on another roommate.Refinancing is also worth exploring in the future.
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20 December 2024 | 3 replies
Should I explore putting these properties into land trusts?