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8 July 2024 | 11 replies
I am currently on W2, though it's commission based, so I have an irregular income, however, I'm expected to make 60-70k on the low end my first fiscal.
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9 July 2024 | 10 replies
Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.
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8 July 2024 | 6 replies
That just means the bank funds and services the loan but the DTI must have a reasonable blended ratio.
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8 July 2024 | 5 replies
Nationwide Mortgage Bankers is based in New York and lends nationally.
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8 July 2024 | 8 replies
Always important to see what's under the hood, and not act based on what's shown on the surface.
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8 July 2024 | 12 replies
Source: https://www.eldoradocounty.ca.gov/Services/My-Property/Vacat...Also, this El Dorado County vacation home buffer map is helpful:https://see-eldorado.edcgov.us/portal/apps/webappviewer/inde...
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7 July 2024 | 14 replies
Yes it is street legal but the owner lives in NJ and it will have to be registered and insured in FL so it is a headache I don't think we would have done it without the vendor servicing it, taking calls 24/7, and handling insurance.
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8 July 2024 | 1 reply
My name is Mohammed (Mo), I'm a broker & investor based out in NYC.
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6 July 2024 | 12 replies
Visits by service folks were for a clogged shower drain ($75), a problem with the fridge (user error, $75) and replace a broken toilet seat (free, boyfriend of cleaner knocked it out.
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8 July 2024 | 4 replies
Please let me know if you want to meetup for Coffee and I can give you some pointers for off market properties in Santa Monica or the surrounding areas based on your requirements.