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16 February 2025 | 6 replies
When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.
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21 February 2025 | 2 replies
I recommend you go to the source and educate yourself on all the landlord-tenant laws, particularly in an increasingly regulated state like Colorado.Here's a good starting point: https://doh.colorado.gov/landlord-rights-and-responsibilitie...
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12 February 2025 | 6 replies
My current goal is to analyze properties for potential deals on BP pro daily and start wrapping my head a general understanding of the process.
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26 February 2025 | 2 replies
There was some interest in starting something up but I do not think anything got off the ground.
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26 February 2025 | 2 replies
I’m actively seeking opportunities to connect with others in the industry whether it’s s sharing knowledge, exchanging leads, or partnering on deals.If you’re re an investor looking for new deals, or if you’re just starting out like me and want to learn together, feel free to reach out!
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16 January 2025 | 10 replies
When starting out it’s a pretty good deal for someone lend you all the money and you give them 50% of the profits.
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27 February 2025 | 5 replies
House hacking is a great way to get started.
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24 February 2025 | 2 replies
Even give them a call to ask about wholesaling as a broker.That'll get your education started off right!
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13 February 2025 | 13 replies
Quote from @Edward Barrett: New investor here trying to stay in my local market (Dayton, OH).Since I've started looking for my first deal I've come across a few section 8 properties that seem to pencil, but I'm a bit loath to jump into that kind of deal.
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9 February 2025 | 4 replies
If house hacking isn't the best option for me, how would you recommend starting out to build up some investments.