John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
Research the Market:It's essential to comprehend the local real estate market before you start flipping residences.
Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
6 January 2025 | 11 replies
My investments were all what they termed private placement and was essentially funds used for lending, buying notes and recently land trust.After MIdland sprun this on us, my spouse also has accounts, I did some research but didn't see a purpose to remove our accounts at the time.I have not been with ET long enough to give comment on them and what little "issues" occured were technical.
Jonathan Small
Case Study: Cockroaches to Cash Flow
26 December 2024 | 0 replies
Purchase price: $72,000 Cash invested: $107,600Case Study: Cockroaches to Cash FlowProperty AcquisitionI found this property through MLS.
Faris Wright
Appreciation vs Cash-flow?
23 December 2024 | 4 replies
I would find a property that can provide you both.I used to aim for 8% cash on cash return + 4% appreciationGiven where the market is now, it is likely hard to find 8% cash-on cash and a 4% appreciation.I think 4% cash-on cash and 4% appreciation is do-able.
Jacob Anderson
Is it foolish to use a HELOC for a down payment on a rental property?
6 January 2025 | 11 replies
Are you able to cash out refinance your property instead?
Michael Challenger
First Time (Potential Buyer) Seeking Advice on House Flipping in Charlotte, NC
7 January 2025 | 5 replies
Even though the interest rates are high, it’s a great tool for people who don’t have all the cash to do a fix-and-flip.
John Lee
22, New to REI and looking to network and ask for advice
7 January 2025 | 20 replies
Additionally, they have another property which has appreciated in value, carries low interest rates, but has negative cashflow and essentially feels like it just locks money away.
Drew Sygit
New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
14 January 2025 | 10 replies
The law does NOT apply to landlords:With less then 5 rental unitsThat live in one unit of a duplex and rent out the other unitThat rent out rooms in the home they occupySo, landlords can no longer state in their rental ads, "Section 8 not accepted".The reverse is also true, "Section 8 only", cannot be used.We've always recommended screening S8 tenants the same way as cash-paying tenants.Landlords waiving application fees and/or security deposits only for S8 prospects may also be violating Fair Housing.
Kiley Costa
Pay Off STR or Invest in Another Property?
11 January 2025 | 9 replies
Before committing to paying off the property, analyze whether there are ways to optimize revenue, such as better marketing, adjusting pricing, or upgrading the property to attract higher-end guests.Return on Capital: If you pay off the mortgage, the “return” is essentially the 7% interest you’re saving.
Robert Medina
Attempting to brrrr but having issues
15 January 2025 | 8 replies
Essentially though you need to go off-market.