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21 January 2025 | 16 replies
Getting a mentor should also be a priority, but make sure you can be of value to them in any way possible.
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24 January 2025 | 7 replies
I want to try and offset as much cost as possible without compromising quality so I’m looking for a GC mentor who could help me eat, breathe, sleep and wake GC lol.
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26 February 2025 | 30 replies
ACTIVE real estate investing is an ENTREPRENEURAL activity, which means RISK - REWARD.IF - you’re happy with passive type lower risk investments, your spouse doesn’t have to “be your partner” - as long as they’re comfortable and cognizant of the risks.If you dream of an ACTIVE real estate investing career - it may work only if your spouse is SUPPORTIVE, and willing to accept the risks, which may include the possibility of being wiped out in a 2009 style depression.
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20 January 2025 | 0 replies
I've seen estimates of $200 to $400 per square foot for SoCal with $700 sq ft for something higher end and building up a hill and but possibly higher for San Francisco Bay Area (lhigher labor costs, etc.).
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31 January 2025 | 44 replies
Not really possible today. at least in my market I just took a DSCR loan in Nov 24 at 5.7% and pulled out $157K cash, have $73K equity and it cash flows $200/month and I was all in at $135K. $70K tax sale, $65K rehab, appraised at $230K.
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30 January 2025 | 32 replies
@Michael Lam For advice, network as much as possible in the area.
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21 January 2025 | 14 replies
That could possibly be preventing traffic.
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24 January 2025 | 12 replies
Since my RE financing investor does the incentive of paying for the property, I want to make sure that my business partner is getting a great ROI in profits, so I want to make sure that money is working for the first investor making a deal with me in the smoothest way possible!
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24 January 2025 | 8 replies
At that time I'll attempt to structure a 10 year term unless I consider a shorter hold period in which I'll negotiate the lowest rate possible to fit a shorter term more closely matching my remaing hold timeline.
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24 January 2025 | 5 replies
Hiring someone to do the work will likely cost too much (I would charge a small fortune, it's an incredible amount of work) and doing things as cheaply as possible will bite you in the *** later when you start having issues with your own shoddy work and/or materials.