30 April 2024 | 4 replies
Once you have a plan, choose a market that aligns with your goals and find a mentor doing what you want to do.
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2 May 2024 | 29 replies
I moved here from Florida after seeing the projected growth.
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30 April 2024 | 4 replies
Today, I know that project is complete and so a big down payment up front is likely not a priority.
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30 April 2024 | 6 replies
When I have used hard money, I have focused my energy on getting the project done as quickly as possible so it qualified for traditional financing.
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30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
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1 May 2024 | 7 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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30 April 2024 | 7 replies
There are multiple options depending on your end goal, capital position, long term/short term strategy etc..
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30 April 2024 | 6 replies
I'll have to take this on as a future project :) It would be nice to have a rest API that would give you accurate comps on a property.
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30 April 2024 | 0 replies
➡️ Do you have any estimates from contractors for the pending renovations or Capex projects?