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1 February 2025 | 1 reply
BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.
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2 February 2025 | 1 reply
I own the two homes next door and rent them for 1425 and 1350/month plus utilities. 3% annual appreciation.I would be putting 20-25% down on these and would be cash out refi-ing from some other properties for the down payment or possibly paying cash for deal #3+4.
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19 January 2025 | 9 replies
He had other projects that he committed to.Want to play a challenging game?
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27 January 2025 | 5 replies
Is it possible for the investor to exit this deal at a later date?
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29 January 2025 | 14 replies
Hard to say which way this could go, just keep good notes, records and photos, dates, times etc… maybe this could possibly go under their previous policy?
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18 January 2025 | 16 replies
I would say you need to play to your strengths, whatever those might be.
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24 January 2025 | 6 replies
I still have plenty time left saving but when the time comes I’ll either be looking into conventional loans, or some type of remodel loan to pay for the repairs of the property I am looking to fix up, because as far as I’ve seen so far it’s hard to find a good deal starting out unless you buy it as discounted as possible and put some sweat equity into it, let me know your thoughts on that ur possible.
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25 January 2025 | 1 reply
Depending on how long it takes you to save up the amount, you might want to also allow for inflation on that amount for your continued savings.[2] Read Rich Dad poor dad.[3] Think about getting a second job - possibly a temporary job - save a 100% of the money.Just my 2 cents.
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18 February 2025 | 17 replies
Then my husbands aunt offered to sell us her place for this cheap, and I wanted to hop on it if at all possible so thats why I am here trying to figure this out lol
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15 February 2025 | 21 replies
You make $10k from STR, you have to come up with $22k out of your pocket, not to mention the upfront $100k down payment and possibly another $20k to furnish the house unless you bought it as an existing STR.So in summary, in today's market, it's impossible to buy a STR and be a passive owner and still make enough profit to cover your mortgage payment.