Scott Shumard
Anyone Worked with Investor's Edge? Looking for Honest Feedback
10 December 2024 | 2 replies
My main concern is whether it's hard to meet their criteria for properties and secure funding.
Mike Sfera
Right Down Payment Amount??
10 December 2024 | 14 replies
My strategy has been to grow aggressively (by using as little of my own money as possible) to secure good assets, and once stabilized, then work to pay down loans to own them free and clear sooner rather than later.
Cheryl J McGrath
Seller financing options
10 December 2024 | 6 replies
Seller Financing I am the buyer with 30 days to purchase the property and want to simultaneously market it as rent-to-own, how can I structure the process effectively:Can I structure the deal this way, so I can secure a tenant-buyer while working to close on the home myself, minimizing my risk and creating a win-win situation.
Peter Firehock
Alexandria City Virginia (Washington D.C. Suburb) Buy and Hold Investment Thesis
18 December 2024 | 3 replies
.- Generally landlord-friendly state, no rent control- Secure government jobs/contracts make the real estate market much more resilient to recessions / major corrections- 15-minute drive to the Capitol of the United States- 4 Seasons- 15-minute drive to Arlington, Virginia (Amazon Headquarters 2 ((2017 announced, 2030 is bringing 25,000 new high-paying jobs to the area)), Boeing Headquarters (2022), Microsoft Headquarters (2021), CoStar Headquarters (2024), Bloomberg Headquarters (2017 expanded), Deloitte, and the list goes on)Thesis:Although more companies continue to go back to the office, there will be a shift toward a good amount of workers being able to be in hybrid roles.
Michael Perry
Freddie Mac Homes Questions
11 December 2024 | 4 replies
We had to wait out the First Look period, but once that passed, we secured the property below market value.
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
For those looking to scale their portfolios, now might also be an excellent time to secure funding.
Frank Del Corso
Sheriff Sale question
13 December 2024 | 6 replies
Secured creditors in order to take the property are to put in a motion to lift the stay.
Vicky H.
Silicon valley struggle is real 😂 Buy primary or continue to rent?
12 December 2024 | 9 replies
If you think you might get kicked out then housing security might be worth upping the payment.
Timothy Franklin
Clarifying the wholesale transaction
15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
Ryan Williams
Pay off Primary or Buy Rentals?
18 December 2024 | 23 replies
Depends who you ask and how secure you feel about your income On the one hand being debt free is great, but leverage allows us to build our wealth quicker.RE investors are notorious for being cash poor, so I would avoid thatIf youre able to comfortably save 100k a year and have enough reserves, I think buying leveraged properties is the best way to scale.You could kill two birds with one stone theoreticallyThey say paying an extra month a year towards principal saves you 7 years on a 30 year fixed mortgageUsing that logic you can add 2+ months a year on your primary, and buy 1 property a year and keep enough reserves.