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15 April 2024 | 5 replies
You would need to consult with a (local) lender to see what is available to you for that property, but I am assuming 20-30%.You would likely have 2 options with that property - 3 2 bedroom unit listings, or 1 6 bedroom listing.
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15 April 2024 | 4 replies
@Scott Melde You may want to check with local mobile home dealerships and real estate agents who specialize in this niche.
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16 April 2024 | 3 replies
Do you invest locally in Missouri?
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16 April 2024 | 9 replies
Joining local meetups, online forums, and social media groups can offer valuable insights and opportunities.
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15 April 2024 | 7 replies
@Bonnie Low if you have an international student they will have an SSN if they will be paid by the university or sometimes get an ITIN to open a bank account. locally you may be able to search by name in local databases but it isn't usually helpful.
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16 April 2024 | 7 replies
Meet some others locally and see what they are doing.
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17 April 2024 | 34 replies
You will even get it in writing (he does all his training orally using slides and at least we didn't get a copy of any material, so you have to take notes and pictures to keep up).Invest those 20k, 30k or 50k into a property, whether it is rehabbing and fliping, BRRRR-ing, or hacking, and network with local (from Dallas, not Austin) REI, realtors, loaners, etc. which you can find here and in the REI meetups.
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17 April 2024 | 21 replies
Plus, we use local banks so to get access to the equity is not hard if we need it.
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15 April 2024 | 0 replies
(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000 vs NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?
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16 April 2024 | 7 replies
Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.