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13 April 2018 | 3 replies
Once you include HOA costs, condos often/usually don't show a positive cash flow, once fully leveraged.Have you already found a Lender who will loan you 80% ARV for an investment condo?
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19 April 2018 | 1 reply
There are resources that will take a 2nd position on the property.
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16 April 2018 | 6 replies
Oh, and do yourself and your mentors a favor, otherwise they will not take you onboard, or they drop you quickly: do not waste your mentors time and stay positive.
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15 April 2018 | 7 replies
Also DCSR must be positive 1.0+, preferably 1.25+.
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14 April 2018 | 3 replies
Smart people adjust their life style, clear their debt, polish their credit scores and financially position them selves for success by mastering personal money management.Investing in real estate should not be used as a path to clear debt, you need money to be a investor.
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14 April 2018 | 1 reply
When you know the facts (like if this is a good investment or not, if it would cashflow, what is the best strategy to use in such a case) you will be in a better position to decide if you even want these properties.I would also recommend you, or your family members, read @Mindy Jensen's book about selling a home, available on Bigger Pockets. https://www.amazon.com/Mindy-Jensen/e/B078NHMXVTGood luck!
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16 April 2018 | 14 replies
We learned quickly that the work on a small deal was the same compared to the big deasl but with much greater returns.If the market rents and future demographics pan out, why not buy and hold for cashflow, refi for a higher equity position and/or exit for appreciation in a few years?
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22 April 2018 | 7 replies
I look at cap rate as well as positive cash flow.
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17 April 2018 | 11 replies
Remember, the BRRRR method also requires that you still cash flow positively, even leveraged at 70-75% ARV!
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21 April 2018 | 17 replies
You are in a great position being an Amazon employee in this economy and in this market.