
20 January 2020 | 7 replies
This was my first real estate investment that I made a little over two years ago.Its a 15 year old home with hardly any maintenance issues so far,(I will probably need to replace the two HVAC units as they got old however they are still in great working condition.)1)I bought the home at $750k with 20% down payment.2) Property taxes at $1000 a month3)Home insurance about $150 a month4)Other utility costs around $200 a month5)I already paid off up to 60k principal6)There is lot of potential for appreciation in the near future but let's discount appreciation from the analysis.7)Once I move out the total rental income I will make on this property is $6000 (@ $2000 per unit)Is this a fairly decent cash flowing property?

25 February 2020 | 26 replies
I would probably get a grinder wheel that cuts tile, Mark a nice clean straight/plumb line up and cut the messy end off.

20 January 2020 | 8 replies
House hack, straight investment, single-family, multi?

17 February 2020 | 9 replies
Oh, the refi proceeds are going straight to cash reserves as I build up a large opportunity fund.

23 September 2020 | 10 replies
Call that a baseline then discount and add value from there.

21 January 2020 | 8 replies
This isn't the easiest market to do them because it's very competitive, so getting enough of a discount up front can be tough.

20 January 2020 | 2 replies
For further enticement the return could look like this: a certain % on their money for what is called a preferred return (they receive this before any profit sharing) and then they receive a % of any profits that the property makes in any given situation, Fix & Flip or BRRR.There are many ways for this to work but you will have to understand exactly what your private investor is looking for in a return and you should provide them with assurance that their investment is protected as best as it can be via things like them having 1st position on the deed, promissory note signed by you for repayment, the property is purchased at such a discount that if you had to sell it in 30 days in its present condition, they would receive their investment back from the sales proceeds, etc...

1 February 2020 | 10 replies
The plow companies straight ignore calls and messages while they are scrambling to get their contracts completed.The real estate world up there has done a good job of isolating themselves from the flatlanders and outside businesses.
20 January 2020 | 3 replies
Almost every deal that I do has rehab in order to get it at a deep discount.

20 January 2020 | 1 reply
Interest rates are historically low right now so it is a great time to buy but the coming downturn will also be a great time to buy because homes will be significantly discounted.