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22 January 2025 | 12 replies
As for by-the-room rentals, many lenders won't allow that and if they do, they qualify you off of the long term market rents (which, as I'm sure you can imagine, would be considerably lower than the actual per-room rents).
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12 January 2025 | 23 replies
Realistically im probably at least a couple years away.
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29 January 2025 | 6 replies
With today's high interest rates, it usually doesn't make sense.
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15 January 2025 | 2 replies
With the future being so uncertain I realized there was a need to do more than just rely on my job for financial security.
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2 February 2025 | 20 replies
Pre '2010', maybe just maybe it will lean heavier on the fundamental mechanics than specific processes.
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3 February 2025 | 15 replies
So someone who lends based on deposits and relationships rather than a broker who would sell your loan.
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11 February 2025 | 4 replies
I do manage the books for a couple of my own businesses that are under the main business.
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18 January 2025 | 10 replies
Also for a BRRRR in general to create enough equity to refinance out your money and create a cash-flowing rental you usually need to start with a VERY distressed property and do a significant rehab.
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13 January 2025 | 11 replies
If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.
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6 January 2025 | 25 replies
Flipping is actually more a business than it is investing and you know how much goes into that.