13 February 2019 | 7 replies
I currently got my first job as just the other day crap money and hours but I've finally got a job now so I can get another one easier as I now have an american "previous employer"What I'm trying to get at is, is it easier to try get a property from a landlord with a lease option as I don't have credit etc or wait several years and get one through a bank?
8 January 2019 | 4 replies
Frankly, a lot of BAD deals have been coming through my pipeline, but I remain hopeful for the needle in the haystack to finally appear.My question has to do with best practices for following-up with owners that have properties that I have no intention of buying.
8 January 2019 | 0 replies
Frankly, a lot of BAD deals have been coming through my pipeline, but I remain hopeful for the needle in the haystack to finally appear.My question has to do with best practices for following-up with owners that have properties that I have no intention of buying.
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20 January 2019 | 13 replies
I'm finally ready to take the plunge and think I found a great property to buy and hold.
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16 January 2019 | 8 replies
@Justin Robert so I forgot final numbersHouse A cashflows about $600 total after the mortgate/insurance/etcHouse B I expect to cashflow about $700 total after the mortgage/insurance/etcAt least they're cash flowing, but for 2 properties totaling $850,000 in total home value it seems like if you had eight $100,000 properties you could make like...40% more rent then these 2.
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12 January 2019 | 18 replies
Finally, does anyone suggest any other lenders for this type of deal?
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10 January 2019 | 23 replies
BUT, the first side of our duplex is finally listed!
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12 January 2019 | 3 replies
Finally, does anyone suggest any other lenders in our area for this type of deal?
9 January 2019 | 7 replies
All of these deals were done between Denver, CO and Orlando, FL.We = Me, My partner who is also 22, and the team we built.My 2018 in ReviewPurchased ~$8.6M worth of real estate across 35 properties for ~$5.7MWe sold and closed on 20 of these properties in 2018 for a gross profit of ~$1.15M after realtor commissionsand we still own 15 of those properties with about $1.2M in equity, all of which are scheduled to be sold and closed in early Q1 2019.Total Equity Created in 2018 was $2.35MTotal Equity Realized/Cashed Out was $1.15MTotal Equity in Assets We Still Own is $1.2MWe acquired the majority of these deals off market through our own marketing, and bought three of them off of the MLSTakeawaysYou can buy your first property before you're 25 :)Leverage is a powerful tool if you use it correctly (we stay under ~70% LTV across the portfolio at all times)The reason this worked is because of years of experience in off market acquisitions and an up market.
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9 January 2019 | 1 reply
Investment Info:
Single-family residence buy & hold investment in Charlotte.
Purchase price: $295,000
Cash invested: $30,000
Primary residence that will eventually turn into a rental over the nex...