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17 February 2025 | 12 replies
You would be better off putting money into a fund that performs at 6% to 8% somewhere with appreciation.
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14 February 2025 | 3 replies
.- The system saved us both time and money, allowing us to close more deals.Anyone else tried this?
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24 February 2025 | 13 replies
And everything is a trade between time and money.
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24 February 2025 | 11 replies
It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.
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6 February 2025 | 9 replies
As you may have found in your search, there are lenders that will lend up to 80% of the appraised value on investment properties and don't require an appraisal.Let me know if you'd like me to point you in the right direction.I have not; I'm still working on acquiring my next house hack, but when I need it, I'll probably use a combo of hard money and margin loan.
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7 February 2025 | 7 replies
If not and you wrote them the check, then most likely the $ is gone and suing for that money will cost you more than $1000 unfortunately.So cancel the agreement and request the funds
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5 February 2025 | 5 replies
We're in the business to make money right?
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19 January 2025 | 8 replies
So, you are "earning" 5.16%/yr on your $73k investment, or have an 18 yr payback.
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23 February 2025 | 39 replies
So I did what most serious new investors eventually do and learned how to get private money debt partners and equity partners.
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18 February 2025 | 9 replies
Network, find some money.