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13 August 2024 | 27 replies
That's just the nature of a TK property though.
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11 August 2024 | 4 replies
However if I do a BRRRR I can achieve infinite return by extracting all of my investment.
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9 August 2024 | 8 replies
Investment Info:
Other commercial investment investment.
Purchase price: $550,000
Cash invested: $200,000
This is my luxury glamping site near Houston, Texas called Cameron Ranch Glamping. We curre...
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9 August 2024 | 18 replies
Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.
13 August 2024 | 7 replies
Given your background, especially with your general contractor's license and hands-on experience with rehabs, transitioning more into real estate seems like a natural progression.Here are a few thoughts:Potential of Real Estate vs.
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12 August 2024 | 3 replies
Naturally your relinquished property will have to sell prior to taking title to the replacement, but this would put you in a better position for a successful exchange.
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13 August 2024 | 97 replies
Natural disaster history and insurance options8.
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13 August 2024 | 69 replies
That is just human nature and I get it.
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14 August 2024 | 134 replies
And of course what we see today is a very natural progression for how folks become on line training Guru's.
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9 August 2024 | 4 replies
Something like a USDA live-in flip might get you the capital to look at a 5% down multi or something of that nature.