
7 June 2024 | 10 replies
Should we keep our home, rent it out and continue to build the equity?

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???
8 June 2024 | 40 replies
It is somewhat imperative to have someone in the market that knows and keeps up with all of the rule changes if you are going to invest out here.

7 June 2024 | 10 replies
I got a standard Shark steam mop and it does a great job of keep it super clean.

7 June 2024 | 14 replies
We have had a place there for a couple years and does really well, BUT we self manage and it is now kind of a hobby where we learn as much as possible and keep on learning.....If you do go this route make sure to theme the place, and make it stand out.

7 June 2024 | 11 replies
Keep in mind - a good response rate is between 0.5%-1%.

8 June 2024 | 37 replies
Then, liquidate to pivot to debt investing to generate cash.Here is one thread I've just posted some about (cont reading down): https://www.biggerpockets.com/forums/48/topics/1170072-what-...I'll keep just this short as maybe this isn't what you were asking for in your OP.

8 June 2024 | 21 replies
Keep that in mind.

10 June 2024 | 35 replies
I'll add another one of my favorites: "The house is renting for 1300/month, is this a good deal", without mentioning anything about the part of the rent you get to keep.

7 June 2024 | 10 replies
And the more I look at the numbers in Lewisville, the more I'm seeing that rent prices are no longer keeping up with equity appreciation (which, in the case of me now owning a few properties, will be a good problem to have in a few years).