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11 November 2024 | 5 replies
I got lucky that the tenant wanted a house in my neighborhood to keep kids close to their schoolsHouse was listed for 1750, they offered 2250 but I declined , so they offered $3k, ended up renting the house for $3250 ($250 pet rent) per month, for 3 month, open to extension if needed.I met the tenant and did the background check on them, I felt comfortable renting to them THD takes time with approving the property, but they were quick to approve the lease, and they sent me the checks the next day after lease signingMy house is not furnished, and they were ok with that , they actually work with a company that provides furniture for the tenant, and they coordinate the delivery and setup of furniture on the lease start dateOverall I like the experience working with them , but hey today is day #1 (out of a possible 3 months), so I will update this post if anything wrong happens or if I notice any red flags
13 December 2024 | 4 replies
The reason is because I will get to save on rent and will get to know how real estate market works.
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14 December 2024 | 1 reply
Had the chance to do this flip with a close friend that did not have to capital to take it on themselves.
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17 November 2024 | 8 replies
Most DSCR lenders will disqualify lease options.
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20 November 2024 | 2 replies
I've committed myself to being a full-time real estate investor, private money broker and real estate consultant!
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13 December 2024 | 3 replies
Allstate says no to any trampolines at any of my Vegas properties.
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17 November 2024 | 12 replies
If you want me to give you a quote, I'd need to know the address, 1st lien details (type of loan, balance, interest rate), credit score, income/DTI details, and target LTV (can go up to 80% CLTV on the 4plex).
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22 November 2024 | 14 replies
I was a foster child who put myself through college on my own, and I have relied on some good friends for a place to stay as I grew up, which has motivated me to create a better life for myself.I have done a lot of research on real estate, and from my perspective, it seems as if wholesaling, which I feel my sales skills may help with, would be a good place to start to make some extra money to speed up the investing process.
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14 December 2024 | 1 reply
Hey Connor, welcome to BP!
14 November 2024 | 13 replies
Not only that he gets stepped up basis and sell with no tax double check that with accountant but I think that is correct.. then take the cash put it in 5% gov bonds for now then get up to speed and see what you really want to do.