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15 January 2025 | 13 replies
Just wondering how many folks would really use this that are like I said not really educated on how title and escrow works and I find East coast folks to be highly reliant on closing attornies and have very little knowledge of title and escrow functions..
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16 January 2025 | 23 replies
To rent the home, I would lose about $2,500 per month (based on comparable rents in my area, property management fees, etc).Both options loose the same amount by roughly 2 years, and by this time, I still will not have built up much more equity in the home to make selling it a break even unless there is price appreciation by then.My dilemma is this: I speculate that my home will not appreciate much in the next 3-5 years due to the rapid pace of development in the surrounding area.In 5-10+ years, maybe, but by then I'll have bled $150,000 - $300,000.I have thought about this a lot and feel that I mar'-too close to the problem to see the best solution.
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7 February 2025 | 2 replies
It’s not even close (FT).
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13 February 2025 | 17 replies
I have cat and a dog back then and it was listed on my post I asked her to either close the window or contribute a little bit with the light bill and she ignored my messages even though I asked her like three times so I gave her a three day notice.
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13 February 2025 | 12 replies
I grew up in the land bizz currently building out a 75 million dollar housing project in Oregon that I own and developed I bought the dirt 7.5 mil cash and did all the horizontal in 3 phases about 2 mil per phase for development costs ( these were bank loans) then same bank gave me vertical loans and well we are down to the last 17 houses of which I have 11 presold and closings every two weeks for the next few months ..
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5 February 2025 | 69 replies
One I close on that house, I plan to go buy a good lot and get a decent builder to build the next one.
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20 January 2025 | 6 replies
My advice: don’t overthink it—your first house hack is about learning, so pick a strong rental market, ensure solid demand, and lock in a deal that gets you close to break-even or better.
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11 February 2025 | 28 replies
There's a big disconnect in Detroit's home prices vs the progress there, and I believe it will continue to close.
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13 January 2025 | 0 replies
The land itself ran us about 3600/ acre, (480,000) and approximately another 20,000 in closing costs.
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16 January 2025 | 17 replies
Quote from @Gregory Schwartz: I have 2 very close friends who grew well beyond 2 rentals with this strategy.