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9 December 2024 | 98 replies
., etc.The other side of the coin is he also missed the .com bubble burst in the late 80's.I tend to feel the same way...if you're going to invest, then invest in something you know.
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30 November 2024 | 2 replies
., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")
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28 November 2024 | 4 replies
What info might I be missing?
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5 December 2024 | 17 replies
This of course depends on your starting bank roll - but if its like mine (under 100k) - Im trying to put as little as possible into it on top of initial equity and fees.this will likely chew a big hole in your ROI (now if you are looking to improve value with a cash out refi or a great prospect comes along that needs combo new plumbing, roof, windows, foundation repair, etc - well just make sure you know what youre getting into and/or have a good contractor and finger on the pulse of the market when estimating the ARV YOURSELF - couple missed items and you risk having a bad first investment and not doing it again). 7) dont be scared be ambitious ( i should heed my own advice sometimes) 8) define numbers goals within your target areas.
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1 December 2024 | 4 replies
If you buy with a tenant in place, you save yourself the hassle of paperwork and inspections upfront, but you miss the chance to screen the tenant yourself—which can be risky.
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6 December 2024 | 21 replies
Not so much for step by step guidance but for "check in" to make sure there's something I may be missing (or have incorrect).
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29 November 2024 | 6 replies
If the husband defaults on the loan, it could affect the household's financial situation, potentially leading to missed payments on other obligations or a decrease in property value, which might influence her credit indirectly.3.
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28 November 2024 | 8 replies
I’d love to keep house hacking but I think this next one has to be the last one to keep the miss’ happy.
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27 November 2024 | 10 replies
The most obvious example is when a borrower misses a payment, or two, or three.
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28 November 2024 | 4 replies
Can anyone give me some advice, steps I may be missing to make a confident decision on making my first deal?