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4 December 2024 | 3 replies
@Brady PretzlaffI think you should focus on properties close to campus with multiple bedrooms, adequate bathrooms, and parking for renting a room in a college town like near MSU.
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9 December 2024 | 15 replies
Property is being sold at a heavy discount.
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3 December 2024 | 0 replies
The 2.5 bathrooms have been completely remodeled with luxurious showers and fixtures.
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4 December 2024 | 10 replies
Added a bedroom and bathroom.
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4 December 2024 | 8 replies
You may have to take a discount.
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9 December 2024 | 20 replies
Alternatively they can purchase a portfolio of occupied homes at a discounted price because the seller of the portfolio in most instances first tried their hand at selling the homes individually to the owner occupant and after experiencing 13-15% in disposition fees and expenses realized its not worth the effort and better to package the assets and sell discounted to another investor.Keep in mind, most of these SFH's are in stagnant markets meaning limited appreciation and if you ever took the time to look at an amortization schedule there's no meaningful principal paydown for many years.
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5 December 2024 | 4 replies
When you convert an asset to Roth you have to get a third party valuation and often they come in at a major discount..25-60% so your taxable amount is way lower than the actual conversion. 4.
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5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
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3 December 2024 | 0 replies
purchased it deeply discounted What was the outcome?
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1 December 2024 | 9 replies
., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.