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17 July 2024 | 4 replies
I don't have the money to keep repairing at this rate (especially being down 2 units).
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18 July 2024 | 3 replies
Sell house and buy a cheaper house all cash avoid the current high interest rate.
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15 July 2024 | 2 replies
I am looking at this property12906 venice blvd 90066price is $1495000As you can see in the listing, they claim this property is rented at $10,000 a month$120,000 / 1495000 = 8%any idiot (even me) knows in Los Angeles you would be lucky to get a cap rate of 4%what's going on here?
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20 July 2024 | 2 replies
The main downsides can be slightly higher rates and/or fees and a prepayment penalty.
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18 July 2024 | 8 replies
Hi M,I've been living in Dallas for 6+ months now and am yet to connect with any real estate folks.Maybe I'm snobby and thought folks would just cold reach out to me wanting to connect.But I guess not and it is up to me to hustle others to meet and network.Ahhhh, those where the good old days when I use to hustle others for a meeting... lolI guess I'll just keep all of the knowledge of flipping over 1,000 properties and currently managing over 400+ SFH all for myself lolJokes 😁
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19 July 2024 | 15 replies
Do you have a system to vet tenants and a criteria they need to meet?
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19 July 2024 | 4 replies
If you want details on STeadily and our agent who is first rate, feel free to message us . . . we have used them for move-in ready properties through complete rehab properties (from rehab thru renting to tenants).
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19 July 2024 | 13 replies
Considering your goal of house hacking a duplex, while FHA loans are common for first-timers, there are alternative financing options to explore:Conventional Loans: Need more credit and down payment, but offer flexibility. 203K Loans: Ideal for fixer-upper duplexes, bundling purchase and renovation costs.VA Loans: Great for vets—no down payment, competitive rates, and no mortgage insurance.Portfolio Loans: Private lenders, good for unconventional income or credit histories.Hard Money Loans: Quick, high-interest, good for investments or major renovations.With $30,000, mix it up—use it for a down payment, maybe pair with a conventional or FHA loan.
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18 July 2024 | 5 replies
I took over the management of our portfolio while living overseas, and found one of the most challenging pieces of management was finding someone to do an easy task (photos, move-out inspections, meeting a locksmith, etc.).
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20 July 2024 | 16 replies
That's assuming the rate doesn't go up, which it might!