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5 June 2024 | 4 replies
Your income definitely shows you could do a new build, but if you are a first-time builder, finding land, construction costs, and managing a new build will be way out of your zone of genius, especially if you both work busy jobs.To get value add, you can look for a multi that has really good space/bones, but needs upgrading so you can live in a really nice place and create a second nice space for rent/family.
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4 June 2024 | 42 replies
Quote from @Patrizia Sanino: Quote from @Jonathan Greene: Wholesaling, done correctly, is a full-time business.
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5 June 2024 | 15 replies
Happy almost Summer BP Community,I'm reaching out to tap into the collective wisdom of the community as I look to expand and accelerate my rental business using the BRRRR strategy.I currently focus on buy-and-hold investments in small multifamily properties (2-4 units).
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5 June 2024 | 4 replies
As everyone else said, get out of the business if you can't close yourself when you can't find a buyer on any deal.
5 June 2024 | 20 replies
That allows you to submit claims that happened before the business shut down but were not reported to you until after.
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5 June 2024 | 3 replies
Above 5+ units is possible but more challenging and rates are where you would expect them..50-65%LTV will be common for higher plex units, a common workarounds is if they have a US based family member or business partner with an LLC..Some investors or lenders have specific countries of origin that are restricted or even prohibited, check with your mortgage professional.
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5 June 2024 | 12 replies
For anonymity, could i use a company like zen business to be my registered agent and thus maintain anonymity?
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5 June 2024 | 3 replies
It's one of their ineligible business types for use of funds.
5 June 2024 | 1 reply
That enables people with a busy schedule to benefit from investing in real estate without having to have day to day responsibility of the property.
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4 June 2024 | 6 replies
Also congrats on building your real estate portfolio while keeping others in mind, too much greed in this business sometimes!