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7 January 2025 | 20 replies
for example, buy a 2-unit, rent out 1 unit, and then rent all the bedrooms in the other unit to friends and sleep in the basement or on a couch.let's recapnot easy: house hacking in NYCeasy: buying sub 30K houses that will turn into money pits and won't advance your goals at all
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28 December 2024 | 7 replies
I kinda get it if 4 and 5 bedroom properties are going for 1.5 million in that market but... thats just math wondering what reality is?
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15 February 2025 | 77 replies
That's obviously almost double your return, but that's not all:1.
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4 January 2025 | 67 replies
Let’s say I invested in another investment which doubled every 7 years.
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3 January 2025 | 7 replies
If the property breaks even, or operates in the red currently, it will only operate deeper in the negative (unless you find a strong ROI like creating more bedrooms, convert a non living space to living space, etc) with another loan.
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30 December 2024 | 6 replies
@Robby SanchezBridge loans are short term and if they default or mature in many instances the interest rate doubles - so make sure you have a very solid exit planI see many get a bridge loan and realize they don’t have the 25% equity in the deal to refinance to another loan and end up getting wiped or foreclosed on because they never researched what they needed to be at on the back end when they were refinancing.
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4 January 2025 | 14 replies
He abandoned trying to scale.Learning from this experience when my partner and I decided we wanted to double our net income, we realized it would take a increase of 2 1/2 time our volume and probably need to triple our deal flow.
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30 December 2024 | 1 reply
This is a 4-bedroom, 2.5-bathroom single family house.
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29 December 2024 | 3 replies
Where I’m working now has been through 3 dishwashers in the past 12 months (8 bedrooms).
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28 December 2024 | 0 replies
Certainty in this industry is merely an illusory facade - costs and timelines often exceed expectations by double.