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14 October 2018 | 11 replies
Would be able to put together BRRRR stuff easier if I could fund with a HELOC.
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13 October 2018 | 4 replies
Seems like a great fit as I get to create $20,000 in forced equity by funding the repairs myself.My first 7-8 purchase all those years ago were like this but here is the problem with what I did.
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24 October 2018 | 16 replies
I have attracted multiple accredited investors and plan to structure a deal with them before I fund a deal with non- accredited investors.
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22 October 2018 | 14 replies
I've had a few discussions about the best way to create a plan in order to "snow ball" your way to owning many REI properties (buy and hold for rent).After Googling around and even reading blogs on this site, I've thought about doing something like the following:Buy my first rental property (SFH) with cash (around $60-70k) where I'd expect about $500 cashflow per monthCurrently I have about $105-110k available (after taking out an emergency fund)Then shortly after, buy my second rental property (SFH) but take out a mortgage and put down around 25% on a $60-70k houseThe cash flow on this property specifically would likely break even (at or near 0) but this would be on a 15 year mortgage and I can use some (or most) of the cash flow from the first to help pay down that mortgage faster, along with my corporate job monthly savings tooI feel I could pay it off anywhere from 5 - 10 years depending on the exact strategy If/When I get the 2nd one, then shortly after that, try and get a 3rd SFH rental property and continue this snow ball effect to build up by rental portfolioObviously this is easier said than done, along with risks and I honestly do not have any real experience with rental properties as this is my first time diving into this type of investing.My main questions would be -- Has anyone done a similar strategy to help build their portfolio quicker?
14 October 2018 | 9 replies
I am employed but have a desire to replace my income with rental income to fund my (hopefully early) retirement within 10-15 years.
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13 October 2018 | 1 reply
Also, think of alternative sources of funding: maybe instead of debt, offer equity to your potential partner(s) or ask sellers about seller financing.
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16 October 2018 | 16 replies
@Bart SklarWhat kind of deal are you looking to fund?
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15 October 2018 | 2 replies
They lend based on the project financials.They can provide you with a letter about proof of funds for the specific project.
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14 October 2018 | 4 replies
Hello,Does anyone have experience where some transfer funds were missed since it was not captured in the rent roll provided by seller?
16 October 2018 | 10 replies
If rent is not paid physically at a branch (i.e. it is paid online or via bank transfer), the date of payment will be considered the date when funds reach our account.