
30 June 2024 | 4 replies
Not sure they’ll understand how to price the equipment though, but hopefully they’ll have contacts to provide you.On another note, why are you guys selling?

29 June 2024 | 8 replies
Since I am still starting off and only have 10 units total, I do not think I would be able to provide enough work for a full time VA.

1 July 2024 | 6 replies
Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.

28 June 2024 | 7 replies
Any additional thoughts are greatly appreciated.

1 July 2024 | 27 replies
Bro, if you just add a 4 story addition and rent half of it as an air BNB and the other as a LTR you'll be able to cash flow for surePurchase price: 120kRehab: $500ARV: $7.4M

28 June 2024 | 6 replies
I’ve heard about ‘gap funding’ for fix & flips to cover down/closing/holding costs in addition to the hard money loan for most of the purchase price & rehab, but how realistic is it to secure that type of funding?

30 June 2024 | 9 replies
Great job, you just told a potential seller in distress that they can't provide for their family.

29 June 2024 | 0 replies
Additional comment will be greatly appreciated.

30 June 2024 | 12 replies
Thank you so much in advance.I run a small contracting business in addition to being a w2 carpenter.

29 June 2024 | 1 reply
We are considering, if successful, purchasing an additional property/rental for grad students (hopefully less wear and tear) and what seems like a consistent rental market.