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3 March 2024 | 53 replies
When I told him repeatedly I couldn't hear him he said 'so are we going to do this deal or not?'
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4 March 2024 | 3 replies
I plan to hold the property but I expect this property to be worth at least 600k once the landscaping and other details are finished.
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3 March 2024 | 16 replies
@Drew Markert Congratulations on your recent acquisition (many never get started).Making sure you have an aggressive payment plan for the credit card(s(, as this is extremely important so that when you want to REFI your DTI is where it needs to be and that you can rinse and repeat relatively quickly.
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4 March 2024 | 1 reply
Investment Info:Single-family residence buy & hold investment.
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4 March 2024 | 6 replies
I'm also interested in traditional buy and holds if a good opportunity comes up.
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4 March 2024 | 5 replies
I found it got easier to find better cash flowing deals the more experience I had and that holds true today.
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4 March 2024 | 0 replies
Investment Info:Small multi-family (2-4 units) buy & hold investment.
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4 March 2024 | 1 reply
The holding period of 60 days is also likely too quick--it's counted from the time of purchase to the closing date when you sell it, so I would plan on at least 90 days since you need to completely finish the renovations, take photos, list and market the property, get under contract and then another 20+ days to close (if it doesn't fall through during inspections etc).
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4 March 2024 | 8 replies
I currently have little to no money, but got the idea to help manage the property and offer specifics, from Brandon Turners "Buy and Hold Real Estate Investing" book.
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4 March 2024 | 2 replies
At least if a legal entity hold titles, its easier to buy out the partners as you just transfer ownership of the LLC.