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7 June 2024 | 11 replies
It is one of the thing that can really hold back moving completely off of AirBNB and VRBO.
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4 June 2024 | 3 replies
Hi Everyone,I am a recently licensed Real Estate Agent focused on selling off-market deals.
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8 June 2024 | 16 replies
They may want to come back and settle with you, to take it off their credit rating.
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7 June 2024 | 21 replies
I know that searching for financing sooner than that is appealing, but the best rates that I have seen all require closing after 90 days of ownership.I will usually kick things off around day 60 of ownership and plan to close within four weeks of that.
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7 June 2024 | 9 replies
G'Day guys,Lately, I've been super duper pissed off with our investors that I decided to keep all of the deals for myself 🤷♂️I've always preached that there is not a single deal that we sell that I wouldn't be willing to keep for myself.So there's that lolJust picked up a 6 unit which us humble Ohio folk would consider an A class area (Sorry East and West Coasts as our A class is your Z Class lol)$160,000 purchase price$50,000 rehabCurrent rents are $3,000 per monthOptimized rents will be $4,000 per month.BPO before purchase $220,000 - $250,000ARV $350,000ARV with interest rates at 6% potentially $400,000+Cashflow = S#%$ load $$$Granted, it took 4 months to get the contract signed and we had to go to McDonalds 4 times to meet with the seller so sign each page individually single time lolYep, it was one of those.All in all, great deal and they are definitely out there.Working on another one now that will be converted into a duplex and is located in a top notch school district.Somehow picked this one up for $20,000 and needs $45,000 in rehab.ARV is $110,000 conservatively Combined rents will be $1,300pm.Ohhh yeah, almost forgot.Also, picked up a SFH from a wholesaler believe it or not for $20,000 that after inspection needs around $15,000 in rehab.ARV all day long is $80,000.Says WHO there aren't any good deals???
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7 June 2024 | 13 replies
Personally, I did over 250+ transactions (including STR, MF, SFH, LTR, RRs, Corporate leasing, Acquistions/Sales, Value-Adds, etc.) on and off market in 2023-to-date in our area.
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7 June 2024 | 1 reply
I need money to pay off the note on the land.
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7 June 2024 | 1 reply
Gone are the days where you can buy a cheap 100 year old multi-family off the MLS, turn it over to a local property manager, and make a great cash on cash return out of the gate.
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7 June 2024 | 11 replies
Any tips on starting off, or books that helped you in the beginning of your journey would be amazing!
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7 June 2024 | 10 replies
I also mispoke previously, we have about $275,000 in equity in our house with roughly half of the mortgage paid off and our realtor believes our home has appreciated by $80,000.We don’t have any immediate need to sell it for the money.