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18 March 2024 | 7 replies
It sounded like the team working on the loan wasn't motivated to close as the usual path on these situations is to find a solution with the sellers to get the loan done.
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18 March 2024 | 2 replies
Consider how that might effect the future sale of a property.The real estate agent or broker who is helping you buy a multi-family property should understand the pros and cons and help guide you through the process of where your money is best spent regarding washers/dryers.
19 March 2024 | 3 replies
I'm hoping to connect with a reliable CPA that I can build a relationship with to help me get on track with my tax returns but also someone that can provide sound advice as my business grows.
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19 March 2024 | 7 replies
Sounds like you have a great base for real estate investing!
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17 March 2024 | 4 replies
Any other cost-effective strategies I could propose to the seller?
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22 March 2024 | 88 replies
Market circumstances might change, even if your intention is to flip the property, so think about your choices in case your initial plan doesn't work out.Market Analysis: To verify your predictions on future appreciation, growth in the rental market, or the effect of renovations on property value, do a comprehensive analysis of the market.Time frame: Evaluate the opportunity cost of having your cash invested in a non-performing asset and be realistic about how long you're willing to wait for the property to turn a profit.Investing in a property with negative cash flow can be a calculated risk under the right circumstances, but it requires a higher level of due diligence, market insight, and financial planning.
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19 March 2024 | 11 replies
They are not strict with tenants, they buy properties in tenant-friendly states/counties, and son on.I would bet you that if one of your RE 'friends' would come on here and show us their business practices, we would see a poorly run business.Anyway, never listen to the naysayers, it sounds like you are set up well and you're on this forum, which gives you a huge advantage.
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18 March 2024 | 0 replies
Hi everyone, (I was not sure if I should post this in multi-family section or short term rental section, however, to me it sounds like a house hacking)Got a duplex recently where each unit has 3 bedroom/2 bath.
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19 March 2024 | 11 replies
Sounds like the best plan.
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18 March 2024 | 10 replies
This will have the same exact effect as your first plan.