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20 October 2018 | 0 replies
. - Buy using hard cash, - Refinance my other properties to get the cash back + get the rehab fund, - Rehab of $30,000 to increase it's value to around $230,000- Rental units of 50 units with nett cashflow after expense and mortgage of $1200- Repeat: finding another opportunities with the extra money that I got from refinance Conclusion: I got the property with 0 cash invested (though short term cash is needed & using other property for refinancing), get $1200 / month (still in progress).
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20 October 2018 | 2 replies
My expertise is high end custom homes, and high end remodels.
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10 November 2018 | 11 replies
You have to look at the numbers of what that extra loan/increased interest rate is going to cost you.
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23 October 2018 | 7 replies
Easy solution: increase your purchase price by $5,000, and have the sellers pay $5,000 of your closing costs.
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22 October 2018 | 60 replies
I would cut your expenses and/or increase your income so that you can get into your first deal in the future.
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20 October 2018 | 4 replies
New water supply lines are nice to increase the water pressure for the tenant, but the budget may not allow right away.
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3 December 2018 | 1 reply
In the meantime, I had a bad experience with a local (Seattle area) custom cabinet maker so I'd love some recommendations on folks who do high quality work, but are reasonably priced and responsive.
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27 October 2018 | 3 replies
Basically he told me he was a CPA and mentioned that a lot of investors he does taxes for leverage everything and leave so much deductions on the table vs income...Basically he was telling that if I calculate out my deductions, I could finance only x amount to optimize my taxes and increase my Roi overall over paying all cash even with the higher interest rates on investment loans
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21 October 2018 | 4 replies
Their customer service has really dropped over the last several years.
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23 October 2018 | 2 replies
If "No" and it has to be for 1 year and for everywhere, then walk away (unless it's mandatory).The agreement is designed to designate the buyer as a "client" vs. being just a "customer."