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21 June 2024 | 2 replies
@Tonia EdgestonIf it’s non owner occupied you could get a hard money loan to pay back taxes and repairs but these are short term (typically 6-12 months) then you would need to refinance the propertyYou mention this is also in probate - depending also on other debts etc it all may be for not and you may need to sell to pay off other creditors.
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20 June 2024 | 10 replies
You lose far more money on vacancy then you ever will on a lower rental rate.
19 June 2024 | 6 replies
I do not want to lose these deals.
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21 June 2024 | 4 replies
Approaching the end of my first BRRRR (rehab to be done in 2 weeks) and I'd like to reward my contractor with a cash bonus; I'm wondering what an appropriate amount of money is to give him.
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20 June 2024 | 22 replies
If they want to sell now or in six months, you need to know before giving them an offer so you don't lose leverage by giving them an offer now instead of closer to when they are ready to finalize.Since you are already going to the property, take good pictures and make sure you capture the electrical panel, HVAC labels, and plumbing material.
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21 June 2024 | 5 replies
The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.
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22 June 2024 | 8 replies
**This is my favorite** Buy the rental with seller financing, private money loan, or commercial loan in an LLC.
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22 June 2024 | 7 replies
If you want to deduct money for cleaning, hire a cleaning company (which I know you said you don't want to do).
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22 June 2024 | 7 replies
Are you and your money basically replacing the construction loan?
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18 June 2024 | 4 replies
I bought a 2Bd 1Ba SFR just outside Indianapolis for $35k in January. I intended to BRRRR the property & spent about $40k total to fix it up. Major issues with the 1st contractor, but 2nd contractor fixed things f...