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9 October 2020 | 1 reply
Hi All,After a year of hell I remain undeterred in my quest to expand my rental portfolio.
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13 October 2020 | 1 reply
I have $10k to pay it off but I hate to tie up that cash up in a car and rather use it to toward fixing the new home (it needs some minor repairs).I am thinking of selling the $625/mocar which Shift has offered me $20k.
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16 October 2020 | 5 replies
Technically those funds are still tied to the original property, so if you invest them and things go sideways or south, you could be forced to sell the first property or lose it entirely.
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10 October 2020 | 8 replies
My goal is to purchase my next investment property in six to twelve months and start my BRRR process using my savings and remaining cash.
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11 October 2020 | 1 reply
Yes it is entirely possible to invest in an area by never visiting the area but if people are planning to have a huge net worth tied to a specific city, you may as well spent the money to visit for at least 3-4 days.The trip doesn't necessarily need to be all business.Plan the trip appropriately - tell your contractors, tenants(if you want), property management companies that you will be arriving ahead so you can meet with them.
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16 October 2020 | 5 replies
My questions:1) How do you scale quickly when so much cash is tied up in your assets?
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13 October 2020 | 0 replies
I refinanced about a year ago and have a remaining balance of about $500k on the house.
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21 October 2020 | 5 replies
That said, long-term rents remain solid across the state due to restrictive rural/agricultural zoning, a substantial lack of new housing supply, and the added cost of transporting building materials 2,500 miles from the mainland.Only other thing I will say is that if your plan is to do long-term rentals, expect a lot of tenant churn.
13 October 2020 | 3 replies
Buy him out and refi the remaining balance to lower monthly payments.
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13 October 2020 | 2 replies
Their overhead is smaller, they are often still driven by competition, and therefore want to remain competitive.