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8 June 2020 | 2 replies
What are some of your favorite/best ways to find deals? I'm a wholesaler looking for new ways to connect with investors. Any feedback would be greatly appreciated.Andre RiceLREA: 735733
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13 June 2020 | 15 replies
We left one room open by choice to take things slowly, but we plan on filling it soon.We were able to fill the 4 rooms before our first mortgage payment and our tenants all signed 6-month leases.We collect $3210 in rent every month and pay our own utilities, so we cashflow about $300-$400 while living in our own home.If we rented out the final room ($800) and included our rent savings ($800), we could essentially be getting paid ~$2K a month to live 10 min from downtown Denver.Don’t let people scare you.
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10 June 2020 | 79 replies
It is a conscious choice you have to make with your wife that things could get rough but you both are committed to working thru it.
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7 June 2020 | 7 replies
A popular strategy is to select a couple of units that are the most under market and issue those termination notices.
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7 June 2020 | 1 reply
Hard money and a line of credit are my top choices as I have more than 50% of this budget saved, but need to fill this monetary gap while leaving enough of my own cash in reserves.
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8 June 2020 | 2 replies
Would this be considered a good choice?
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8 June 2020 | 2 replies
For that reason I highly suggest the following books,Rich Dad, Poor DadSecrets of the Millionaire Mind7 Habits of Highly Effective PeopleHow to Win Friends and Influence PeopleThese are all wildly popular books and you should be able to pick them up at your local library.
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11 June 2020 | 9 replies
With the tightening of lending requirements, seller financing (creating notes) will probably be a popular option as well.
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7 June 2020 | 8 replies
25 years to end mortgage payments is a long time to wait though...But ultimately if there is no way to turn this into a positive monthly cash rental at this point, then letting it go is probably the easiest choice.
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29 June 2020 | 9 replies
Well, if you really want to be in Montreal then you may not have much choice.