Alyssa Dinson
What has been your experience with out of state investing?
16 January 2025 | 78 replies
I don't do large rent increases on my tenant because I don't want a unit turn.
Fed Finjap
Reflecting on my first year house hacking a 3-flat in Chicago
2 January 2025 | 11 replies
Better to let a unit go vacant than to get marginal tenants.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Ask how many units they manage and how much experience they have.
Shiloh Lundahl
Those of you on the sidelines
30 January 2025 | 45 replies
All I know is that, as CEO of this company, it was really hard watching influencers and 20-somethings race past me, buying dozens or hundreds of units from 2019-2022.
Armani Pimentel
I'm a 16yo trying to learn wholesaling to start when I'm 18
27 January 2025 | 4 replies
I'd estimate that there are less than 1,000 legitimate, or "professional" wholesalers, in the United States of America, as defined by individuals who make $100K flipping contracts, and collecting assignment fees, in any form, and who have made that amount of income more than 3 years in a row.
Alex Hymanson
Loan Product and Value Add Questions for Self-Storage
2 January 2025 | 2 replies
. - Value add - How much does it cost to build additional storage units?
Sebastien Tinsley
Looking to begin my journey into REI
13 January 2025 | 45 replies
@Sebastien Tinsley Just copy & pasting this from thread I replied to for another young person looking to startWith little experience, it's better that you invest locally vs OOS - unless you want to invest a LOT of time learning another market and networking with th right people.Locally, look for a 2-4 unit property that will qualify for FHA 203(k) financing.- This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.
Jamie Parker
Multifamily Analysis out of state.
6 January 2025 | 8 replies
As a wholesaler, having the first look at a property is a cool perk of the skill set. checking to see if the numbers work comes first, but secondly if not first part A, how will the property be managedAnyone investing in multifamily out of state, what’s the difference between the different amount of units?
Marie Copul
W2 Income +500k - What's the best real estate investing strategy for me to scale?
6 January 2025 | 25 replies
I've flipped 6-8 houses, made good profit on those, and just purchased my first 4-unit multi for mainly cost seg purposes/long-term appreciation.
Samuel Garnatz
Greetings from St. Petersburg, FL
12 January 2025 | 8 replies
Josh, we are currently looking at SFH and MFH with 2-4 units.