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8 January 2025 | 22 replies
@Guillermo PerezPositives:- Equity Built: You now have $70K in equity, which is a solid result for your first deal.Cash Flow Potential: If the property rents well and covers your debt service while providing some cash flow, that’s a win.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.
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6 January 2025 | 14 replies
As a park owner, it’s usually better (in my humble opinion) to sell the home to a solid tenant who will then pay lot fees and maybe a mortgage.
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16 January 2025 | 15 replies
I think the key is doing solid due diligence and making sure you're lending on projects with good margins and clear exit strategies.
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6 January 2025 | 0 replies
The thoughtful renovation and smart pricing strategy attracted buyers quickly, resulting in a solid return for both Partner Driven and Seth Choate.
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7 January 2025 | 3 replies
Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.
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5 January 2025 | 18 replies
Adding value to a property and then either selling or refinancing to pull your capital out is a solid way to build momentum, especially if you're okay breaking even on rental income.
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15 January 2025 | 24 replies
Personally, I love Chicago because I know the market decently well and more importantly have a VERY SOLID TEAM, of people I know, like, and trust!
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17 January 2025 | 37 replies
They kept telling me the deal was solid and then defaulted after the closing date and post dated the denial letter.
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15 January 2025 | 12 replies
I’m going to pull some solid comps to back up the $130K valuation and push back on the report.
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7 January 2025 | 5 replies
Starting with small multifamily properties 2-4 units is a solid move, plus if one unit is vacant, the other can help cover the mortgage.