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14 July 2024 | 7 replies
Often if you’re getting names from someone else it’s likely not their #1 pick because they save them for their own projects.
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15 July 2024 | 10 replies
To become an REP you have to:- spend 750hrs or more in real estate investing activities (looking at zillow, watching BP youtube videos, actual property mgt, etc)- spend more time on real estate activities than any other single area (like a w2 job)My wife is a REP while I work at a W2, this allows us to take deductions from passive investing against our active income and saves us thousands of dollars every year on taxes.
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16 July 2024 | 3 replies
I acquired my first investment property a few months ago and renovated the units as well as rented them out and its cash flowing well.
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17 July 2024 | 20 replies
They will help you save time, money, and energy in the long run.
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17 July 2024 | 10 replies
With long-terms you'll want it filled out or close to full whereas with a rehab you'll want it empty or relatively empty to be able to start renovations as soon as it's been purchased.Try to find out more about the cash flow, tenant history, and if it will need renovations as those will be the key indicators for what type of loan you should be looking for.
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16 July 2024 | 5 replies
Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.
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13 July 2024 | 6 replies
Equity is around 600K, We need 250K cash to help our sister.
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16 July 2024 | 8 replies
HVAC), and have cash on hand for funding future investment properties.
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16 July 2024 | 4 replies
Bring a lot of extra cash and underwrite the exit conservatively.
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16 July 2024 | 0 replies
Say goodbye to having to collect cash or checks for rent from your tenants.