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28 January 2025 | 6 replies
Congrats on your success so far.Some random thoughts for you:- It might be difficult to tap the equity in the rental at this time given the current state of interest rates.
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3 February 2025 | 6 replies
In-person interactions are great for building trust with potential investors.Real Estate Platforms:BiggerPockets: A robust platform for connecting with private lenders and investors.Fund That Flip, PeerStreet, Groundfloor: Online platforms connecting investors with real estate projects.Social Media Groups: Facebook and LinkedIn groups dedicated to real estate investing often have private investors or lenders looking to connect.Personal Network: Often overlooked, but friends, family, and colleagues may know individuals interested in investing.Private Money Brokers: If you're working on wholesaling deals, you may find brokers who have established relationships with private money lenders.Real Estate Agents: Some agents have connections with private investors, especially those focused on investment properties.For your 50% LTV, it's good to approach investors who may be interested in lower-risk, high-equity deals.
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29 January 2025 | 11 replies
It can be a positive for short term rentals (if in a good area) to be near the airport.
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27 January 2025 | 2 replies
The money borrowed from your equity comes with interest, then you have the new mortgage with interest.
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11 February 2025 | 13 replies
Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential!
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31 January 2025 | 0 replies
This allows participating in the $1.1 M equity with a ROI of 100% and on going 25% annually with the historical appreciation over 30 years of 8% a year. ( Zillow stated a 10.4 % in the last 30 days $251,361 ).
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5 February 2025 | 4 replies
Curious thoughts on the following scenario.Current SFR with $51k loan at 8.125%, just purchased with around 10% built-in equity on the property, $250 monthly cashflow (post expenses).
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27 January 2025 | 8 replies
Using my slow days to fill work for employees and build equity.
31 January 2025 | 2 replies
After a year you finance, it gets into BRR situation that is no money from your pocket as equity takes care of downpayment and you own the building.
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21 February 2025 | 182 replies
Try to be positive and understanding since there were lots of factors that led to delays.