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21 June 2024 | 3 replies
Talk to the person who sold you the deal initially to see if they have a recommendation for a lender (local bank, credit union, DSCR guy, or Hard Money).
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20 June 2024 | 6 replies
If you were my client and after truly diving into the why’s, if it still doesn’t make sense, I’d cut it loose and deploy my money elsewhere.I agree that real estate in general is a long term plan - but I like my money to make money.
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21 June 2024 | 9 replies
Other option would be her doing a cash out refinance on her home and using that money to purchase with cash.
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20 June 2024 | 4 replies
It is all about your comfort level, but for me and many others on here they will note your better off investing that money in a deal and learning that way then spending large sums of money on gurus.
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20 June 2024 | 11 replies
Most hard money/DSCR lenders don't lend in South Dakota, so I can foresee a low closure rate on deals since financing will be difficult to get.
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17 June 2024 | 19 replies
A lot of people put off getting into real estate because they don't have the money.
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18 June 2024 | 0 replies
Inspect for any rot or damage periodically, and replace or repair sections as needed to maintain its condition.Potential Upgrades / Considerations: Security:Enhance security with robust locks, a video doorbell, and exterior lighting.
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20 June 2024 | 8 replies
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17 June 2024 | 5 replies
Something to consider- most people in your situation will make WAY more money through tax savings than they will through cash flow-so, take that in to consideration.
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22 June 2024 | 23 replies
If the current deal is likely to net you more money got for it.