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8 January 2025 | 10 replies
If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.
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10 February 2025 | 71 replies
I know nothing about Joe McCall, but if he does not honor his warrantee I know enough that I would recommend all investors avoid his program like the plague.If you had a 90 Day money back guarantee, and you do not feel the program was worth the money then you should get your money back.As for getting your parents assistance 1) they are not obligated to assist you in RE 2) If you cannot convince them to assist you in RE then maybe you need to further your skill set.
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14 January 2025 | 4 replies
If you can avoid asbestos, lead, and old mechanicals you can get a great property.
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18 January 2025 | 21 replies
Your team can provide valuable insight and help you avoid costly mistakes down the line.5.
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13 January 2025 | 11 replies
For example, if you have $130K in equity, you might get $100K-$110K available in a HELOC.Look for a fixed-rate option for the HELOC to avoid rising rates.
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12 January 2025 | 5 replies
USDA does not.If you have a job gap (6+ months of unemployment) on an FHA loan, then you have to go back 2 years prior to the job gap AND be back to work for 6 months before you are eligible.How to avoid this?
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16 January 2025 | 16 replies
Try to make your messages more personalized to avoid getting blocked again.You can email [email protected] with any help you need, too.
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18 January 2025 | 6 replies
That sounds like a lot of work and I'm sure he would prefer to avoid that work and just sell it for $1.9m or $2.0m.if I were to buy it from him, to get to cash flow neutral I would need to increase rent on all 6 units to market rates and my monthly payment would need to be close to $6.2k/month, which would be $100k down payment, $1.7m loan with seller financing at 2% interest rate and flexible ballon payment.What would you do if you were me?
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4 January 2025 | 20 replies
I'm not sure why this caused such a reaction, but I can say the language above is completely unnecessary and out of order on this forum.
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28 January 2025 | 27 replies
Because it seems like you've been down this road before and have failed - if that's the case say that so I can avoid certain things.