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28 February 2025 | 8 replies
@Pedro TorresBRRRing OOS - it can be very dangerous:(Too many newbies take contractors and agents at their word, when "trust, but verify" is extremely important.You should try to plan 2 trips for a BRRRR:1) Initial walk-thru with contractor(s), which you should video for documentation & accountability.2) Final walk-thru BEFORE paying out final amounts to contractor(s).
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27 February 2025 | 11 replies
Since generally the benefit of a house hack is to hold the primary residence loan as long as possible, if you hold it long-term, you could still be forced to pay the mortgage insurance 10+ years down the line.Plus, you can only have one FHA loan (with some exceptions) at a time, so I'd rather use this house hack for 5% down which I can repeat and save FHA for another time.
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6 February 2025 | 5 replies
I recommend you start with duplexes as you should always have a paying tenant.
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1 February 2025 | 56 replies
Rewey: Your Comment: "the ultimate solution is to pay it off if it gets called due."
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4 February 2025 | 4 replies
Trans union missed an obvious reject candidate and now I’m paying the price.
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25 February 2025 | 14 replies
I spoke to local owners who have been audited for increasing rents without there permission and they had to pay back the difference!
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7 February 2025 | 12 replies
There are cheap PMs, but I think you end up paying for that in the end.
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10 February 2025 | 47 replies
Quote from @John Mason: If you are wanting to get ahead I would pay the 100 usd on fiverr and get it done and then go to next step in your journey and then learn the way to do it on the side so that you do not lose time..hope I made sense I do that now.
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6 February 2025 | 11 replies
Let them pay the deposit with a credit card.
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3 February 2025 | 11 replies
Quote from @Ricardo Lemus: For a newer investor, a good investment is a property that pays for all expenses with some cash left over.