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27 December 2024 | 3 replies
A tidy profit, plus confidence to tackle the next project solo.On the topic of self-directed IRAs: While they’re fantastic for gaining experience and diversifying into real estate over time, they can feel restrictive if your main goal is scaling quickly.Here’s what I’d focus on:Using Equity Wisely: A HELOC or cash-out refinance could unlock funds to pursue a flip or duplex without touching your 401(k).Partnering Smartly: Your realtor friend sounds like a great resource.
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28 December 2024 | 11 replies
Purchase contract should show the entire legal as platted.
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22 January 2025 | 31 replies
You will essentially be buying deals from yourself and you can still assign a contract from one company you own to another.
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24 December 2024 | 1 reply
Hey Steven, Great question, and it’s smart that you’re thinking ahead about protecting your investment.
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5 January 2025 | 9 replies
You know how to manage a property.To get started, your first steps should be getting licensed then meeting with a local RE attorney so they can help you get set up with your contracts, management and lease agreements, etc.
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2 January 2025 | 1 reply
Found it on Zillow the first day it was listed, and got under contract same day (offered over asking).
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29 December 2024 | 15 replies
Make sure to maintain a cash reserve (3-6 months of expenses) to handle unexpected repairs or vacancies.It’s smart to consider the “what-ifs,” but don’t let them hold you back.
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4 January 2025 | 5 replies
I'm under contract for a nice double and was hoping to use part of the money for my portion of the down payment.
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9 December 2024 | 2 replies
You only get paid enough to continue.3) You don't need a dozen self-help books, all you need is action and self-discipline.4) YouTube University, podcasts, and the internet will only take you so far. 5) Book smarts make interesting conversation, street smarts make money.6) Find someone who is successful doing what you want to be doing and ask questions.
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16 December 2024 | 3 replies
@Jae Yoo you should read your PM contract very thoroughly or even hire an attorney to do so, before thinking you can just break it.How would you feel if a tenant just broke their lease with you?