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12 January 2025 | 21 replies
I feel direct mail is another great method.
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24 January 2025 | 21 replies
You might also look into learning about BRRRR (Buy, Rehab, Rent, Refinance, Repeat), a popular method for scaling a portfolio.Network Locally: Engaging with local investors and attending meetups in markets like Dallas or Fort Worth can provide insights and connections that are invaluable.You'll find that momentum grows quickly.
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22 January 2025 | 21 replies
Keep in mind that strict rules apply, such as avoiding self-dealing, prohibited transactions, and personally benefiting from the property.If you’re not looking to involve your IRA directly in the property purchase, you could explore other creative financing strategies outside of your retirement account.
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13 January 2025 | 1 reply
Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.
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15 January 2025 | 9 replies
And while nothing is foolproof the most consistent method of finding good vendors is relying on OTHER real estate investors that have worked with those vendors.
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12 January 2025 | 5 replies
My interests lie in all areas of real estate, and I am eager to explore potential opportunities and gain insights into effective strategies.
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23 January 2025 | 7 replies
I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.
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13 January 2025 | 45 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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1 February 2025 | 30 replies
Have you explored markets in the Midwest or Midsouth, such as Texas or Oklahoma City?
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13 January 2025 | 5 replies
It’s amazing to see you exploring real estate while still in college.Wishing you the best.