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26 April 2024 | 12 replies
I have seen so much growth in Columbus when it comes to appreciation and job opportunities which I have experienced.
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26 April 2024 | 7 replies
He knows how to get the job done and he will teach you a ton in the process.
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27 April 2024 | 15 replies
:) G'Day Zair,Just commented the same to another fellow looking to do something similar to what you are.I think that BRRRR from out of state is very risky business.If I was you, I'd continue immersing myself in everything and anything real estate related.Come back home to the US and start in your local market.Using leverage should only be reserved once you already know what you are doing and you have experienced the income/expenses over a few year period.I've always believe that "Cash is King, Cashflow is Queen and Finance is the Peasant" lolIn your local market or a market of your choosing you can buy, fix and flip or buy, fix and refinance.But I suggest you buy, fix and flip until you have enough cash reserves to buy, fix and hold without it affecting your cash position for future deals.Build a strong foundation without leverage and only then start looking to refinance or finance.30-50% of your portfolio should be un-leveraged.It's a slow process but all good things take time.Just my opinion and wishing you much success
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26 April 2024 | 2 replies
Your job is to find or ask about lender credits.
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26 April 2024 | 2 replies
Ultimately, I want to quit my job (of course), move to a new area and focus on REI.
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25 April 2024 | 12 replies
I've worked with many folks who choose to house-hack as their first step into the investing world, and that's what I'd suggest to you.
26 April 2024 | 1 reply
I would suggest that you rent the property and consider using a property manager who can finance the improvements for you up front and be repaid out of the rent so you can have passive rental income over the long run.
28 April 2024 | 25 replies
More for smaller jobs like $500-600 for just a room.
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26 April 2024 | 6 replies
I'm not sure if you have a day job, but it may be worth taking some vacation time to make some improvements on the property to increase its value before you sell.
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26 April 2024 | 3 replies
Any suggestions are welcome.Info: Seller owns the multifamily house outright and has owned it for 40 years.