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14 February 2025 | 1 reply
Again, I used my parents but this time only as lenders of part of the money for the down payment.
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3 February 2025 | 15 replies
If you have this debt and need money, you may not be preparing yourself for the challenges of being a landlord.
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12 February 2025 | 0 replies
Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.
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8 February 2025 | 29 replies
You might consider hard money for the initial purchase or going with a DSCR type lender if you find something that is more turnkey.Hey!
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21 February 2025 | 9 replies
Beyond real estate investing, BiggerPockets Money has great episodes on how to avoid the middle class trap with your investments - ie how to structure your investment best so that they're not all locked up in accounts with penalties until you're 65.
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9 February 2025 | 8 replies
I agree that with one property you can just use OTA pricing tools. 5 mins a day for adjusting and you will save money and do it yourself.
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10 February 2025 | 24 replies
No, they don't want us to lose money, they just want to make sure we make no money!
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10 February 2025 | 2 replies
I spent a lot of time and money to learn how to structure seller financing deals.
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4 February 2025 | 2 replies
Each one with separate addresses and utilities.We originally put $585k of our own money into the project, and by the time we were ready to go to market in 2023 we were into it for about $2M (the pandemic really threw a wrench in our timeline and costs but also greatly increased the value).
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13 February 2025 | 4 replies
If not I wouldn't bother selling as there is an incredible amount of money lost in buying and selling properties, so you have to make sure you have a plan to maximize the equity and actually have enough.