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13 December 2024 | 35 replies
If 2022 or later the values have dropped due to higher cap and interest rates so if you have gotten any appreciation at least you haven’t lost money.
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5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
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5 December 2024 | 34 replies
For example, if your old tenant moved out November 25th and you place a new tenant 15 days later, then you can hold the old tenant responsible for 15 days of unpaid rent.4.
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5 December 2024 | 5 replies
This could let you start building relationships with others in your area (and potentially lead to joint ventures later) and to build up your working capital.
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17 December 2024 | 36 replies
And multifamily didn't start tanking until a little bit later than office.
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3 December 2024 | 0 replies
A week later, the owner returned my call and expressed interest in selling.
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5 December 2024 | 34 replies
Hours later, she is screenshotting my name (in every variation possible) showing no ownership.
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5 December 2024 | 17 replies
Had our son a few weeks later in July, and did all of the inspections and loan over the next month, and ended up closing in September.
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2 December 2024 | 5 replies
I plan on buying a condo that I will later rent out.