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12 August 2024 | 30 replies
This allowed me to supplement my real estate cashflow.
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16 August 2024 | 277 replies
I know some people aiming Tampa and Orlando markets.
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14 August 2024 | 64 replies
So when you see that Jerryll hasn't been on our podcast or in our marketplace, it's more of the "man, he's wicked smart but does his approach jive with our values and the message we're aiming to put out into the world?".
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13 August 2024 | 97 replies
The description pointed to details of a sold comp and recommended the investor aim for a similar finish out as follows: “Your best comp is going to be 9104 Shawnee.
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9 August 2024 | 14 replies
Hey Frank, The 40-year interest-only (IO) option serves those seeking increased cash flow or aiming to qualify a property for a debt service coverage ratio (DSCR) if the principal and interest payment isn't viable.
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9 August 2024 | 18 replies
Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.
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9 August 2024 | 11 replies
I’d aim to strike a balance between headcount and guest comfort.
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8 August 2024 | 4 replies
Investors initially aiming to flip properties are now becoming landlords due to market conditions.
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8 August 2024 | 14 replies
I don't own any condos but if I did, I would aim to sell ASAP.
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7 August 2024 | 13 replies
I’m struggling to find anything which is frustrating…..my aim was to buy somewhere early in 2024 but I’m analyzing a lot of deals and coming up short.