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13 May 2015 | 2 replies
While I understand the methods you described for obtaining loans and renting properties when it's acceptable, I'm still trying to figure out how one can use that rental income to count toward their overall income when they go to qualify for the next purchase.
15 May 2015 | 5 replies
At the same time you do need to have a least a little bit of patience for these methods to generate enough leads.
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27 May 2015 | 36 replies
If you find a different lender anywhere that will give you more money for a better price... let us know and we'll give you a property evaluation absolutely free.100% Financing Available If your deal is good enough we'll fund your purchase, rehab, points, interest, AND closing costs.No Pre-Payment Penalty When you complete your rehab ahead of schedule we refund you money No Payments for 5-Months We want you to focus on completing rehab work not worrying about making monthly paymentsNo Experience or Credit Required You can still get a loan even with zero experience and bad financial history No Minimum Down Payment As long as all your costs fit within 70% of the ARV there is no down payment requiredWe help the RIGHT people find the RIGHT properties and create FAST wealth using the RIGHT funding method.
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14 May 2015 | 4 replies
What methods have you tried to find buyers?
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15 May 2015 | 17 replies
Rent $1400/month covers these items (as in your tenant)P&I Payment $500.00 Repairs Needed $0.00Taxes $118.92Insurance $208.33Management $182.00TOTAL ~ $1010/month x 5 = $5050Reserves to set aside (emergency - covers 5 months) $5098.33 Expenses Headache Factor=0% CAPEX $70.00 General Maintenance $83.33 Utilities 0 0 HOA Fees 0 0 Flood Insurance 0 0 Vacancy $112.00TOTAL ~ $265/month of useless compensation (using this method) ~ $3200/year Seriously, if you have vacancy due to a repair issue (like a roof problem).
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14 May 2015 | 1 reply
What are your best methods that works for you?
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14 May 2015 | 3 replies
The only concern I have with this method is not being able to get regular mortgages in my name after I get too many.
21 May 2015 | 2 replies
(I know the price and time are huge variables, just wanting a ballpark from some of you that may do these)-What other creative instruments or methods can one use to make this deal happen?
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15 May 2015 | 2 replies
I am thinking the BRRRR method for buy and hold properties outlined by @Brandon Turner makes the most sense for us.