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22 February 2024 | 50 replies
@Kalei WhiteNot sure how the numbers look just with the surface-level info in the post.
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22 February 2024 | 0 replies
I had to negotiate with my existing construction lender to get then to allow me to use the in place construction funding to get the property to cash flow so I could meet my obligations.
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22 February 2024 | 0 replies
My plan is going to be to sell the homes ranging from $40k-$60k, which will allow me to pull out about $400,000.
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23 February 2024 | 22 replies
Obviously yes, although, creatively financing when possible will allow you to stretch your investment and potential upside, but yes, cash offers have won out in every single one of my deals that I have sold in Asheville.
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24 February 2024 | 30 replies
Pros - cost effective entry points which will allow you to scale your portfolio easier. - Depending on your target market, you can get decent cashflow from day 1 + appreciation as time goes on (if you target a market with good population growth and other catalysts) Cons:- in the beginning, not being able to see/go to the property and having to trust a complete stranger with your investment.
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23 February 2024 | 387 replies
I've gotten into plenty of arguments with sellers over "my numbers", but this strategy has only done wonders for my returns.Running My Rental Portfolio Like a BusinessI've figured out pretty early on that owning 1-2 properties isn't going to make me rich or allow me to retire early.
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21 February 2024 | 4 replies
San Bernardino must have more liberal rules if they allow larger.
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22 February 2024 | 11 replies
I never call it a "cash offer" (it's not), but don't complicate it with all the extra amendments and contingencies.If the buyer gets the property under contract and has to fill out an addendum that asks for financing type, I will always indicate that the purchase is financed if the buyer is using private/hard money.And I'll always include however much time is needed for financing approval into the due diligence period, so there is only one contingency in the contract, not multiple.Doing it this way allow us to be completely honest and transparent, but still give us the best chance of getting the property under contract.
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21 February 2024 | 2 replies
I also called Rocket Mortgage to see if I'm allowed to rent the house and they said yes it should be fine since it's been almost a year now.
21 February 2024 | 23 replies
If I am forced to let her and the dog stay, will insurance and umbrella policy allow a banned breed?