12 October 2018 | 10 replies
So, Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, "Subject To", apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.
30 November 2018 | 14 replies
Supra installed shortly.
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11 October 2018 | 1 reply
Hi @Joe Scheffold, you mentioned in the headline that this is a short sale but I don't see that referenced in your body.
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16 October 2018 | 7 replies
Hey everyone I’m working on a house flip and ran short of money.
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6 November 2018 | 5 replies
Hello again BP membersI have recently discovered how to pick up not so bad REO SFR’s to flip and rent out (or flip and sale .. not my thing though) with basically using the brrrr methodMy question is more of which is better scenario to be inif to pay down my primary residence and then have (easy numbers) 100k available in HELOC moneyOr have 100k cash money laying thereAnd then after having such funds available (easy theoretical numbers)Go out and Find a REO SFR for 50k Needs 25k in repairsAppraises and ARV comes back at 100kAnd will rent out for 1400-1200 a monthCash out finance 75k (75% LTV)Pay back your self or helocAnd repeat process overNow my immediate goal is to reach 15k PASSIVE income but i want opinions on how to get there faster and with this idea i have seen a few examples of in older threads but not alotThanks in advance!
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12 October 2018 | 7 replies
You will also learn to appreciate when a real estate agent is actually doing their job correctly, vs the large number of agents who just show up and do the bare minimum.What prompted me to take the course was that my first agent was not very good, but I couldn't actually truly assess and understand that without knowing myself, now I can confidently say that she wasn't very good, (lucky me, lol).Short Answer: There's not a glaring reason I can think of to not educate yourself on it, even if just for education's sake.I can't provide info on the 2nd part as I'm just not as familiar with specific MA to CT reciprocity and requirements.
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12 October 2018 | 1 reply
You are discovering some of the possible downfalls of buying a properties under $50K.
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13 October 2018 | 13 replies
That roadmap, as of right now, is outlined.Learn - Keep FTJ (Full Time Job)Books, podcasts, BP, peopleFTJ and PTJ options: Go back into being a residential handyman and contractorWholesale - Keep FTJRamp up Wholesaling, possibly until either quitting or finding a PTJ to offset Wholesaling goal - raise capital to flip laterPlataeu Wholesaling, ramp up Flipping while ramping down WholesalingPlataeu Flipping, ramp up Buy-and-HoldLong Term Goal: rental portfolio with extra capital to invest in othersMy motivation does include swinging hammers (I love the physical work), but I recognize that won't be where I need to put myself to make money past the short-term (and my body won't be able to do that forever).
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19 October 2018 | 12 replies
I have found a lot of good resources already in my short time here!
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12 October 2018 | 8 replies
After flipping some 25 properties, I realized that buying and holding would probably build more wealth and cash flow, rather than paying those high short term taxes.