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14 February 2025 | 7 replies
I ended up building one form zero and built 8 homes and the idea was to make them into a unitque venue.
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18 February 2025 | 4 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
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12 February 2025 | 2 replies
Most of the lenders I work with (provided you have experience and a credit score over 660) would do up to 85% of the purchase price and up to 100% of the rehab costs, provided this doesn't exceed 75% of the ARV.As for the idea of selling the land, great idea.
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20 February 2025 | 7 replies
It's good that you have two ideas to start with.
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11 February 2025 | 12 replies
I'm excited to be here and can't wait to bounce ideas off some like-minded individuals!
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18 February 2025 | 35 replies
Any idea how the inflation & high interest rates affected the RE market/s?
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17 February 2025 | 11 replies
Asking 30k a door, I just did a drive by the other night but have a walk through tomorrow to get an idea of what is needed.
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10 February 2025 | 7 replies
Quote from @Robel Nessro: Hi I am 18 years old and I've been really interested in Commercial Real Estate investing since I was 16 and I don't much about CRE investing and I would really love some advice on how too start funding your first property, and where I can learn CRE investing, I've also been thinking about joining the Air Force so that I can buy my first commercial property using the VA loan and continue from there and buy more, but I don't know if that's a good idea or not.
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15 February 2025 | 21 replies
If you start reading the forum, you will get a good idea of what to look for.