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19 June 2024 | 8 replies
Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.
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14 June 2024 | 9 replies
I was able to find a few good subs like electrical, landscaping, roofing, AC tech, foundation, yet can't find a good general contractor.
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18 June 2024 | 7 replies
I'm guessing your source is talking about trying to get a bidding war going between cash buyers.....good luck.
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18 June 2024 | 5 replies
The sales price is contingent on the property appraising for the agreed-upon value in that given timeframe.The goal of subject to, for the buyer is to take advantage of your low interest rate, maximize profits to pocket as much cash flow as possible, and then, however, in many years be able to cash out refinance and pay your mortgage off in a lump sum to acquire full rights of the property.
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17 June 2024 | 3 replies
If you use a Cap rate of 7%, the $702 cash flow on one unit becomes $10,000 added value.
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15 June 2024 | 3 replies
Minor electrical is what I’m best at, recepticles, switches, fixtures.
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17 June 2024 | 16 replies
They have a report bills to credit angle.What will happen is that instead of you paying your bills directly, you pay tomo and they pay your bills and depending on how much you decide to pay them monthly they will report 1000 - 10000 in a type of credit line to credit reporting bureaus.There are a lot of these report bills to credit services available these days and most cost less than Tomo...Tomo Boost is the only one I mention because they can back up to 24 months... so if you've paying your cell, or Netflix or Electric Bill... literally any bill... they can back date up to 24 months.So... if you do both Tomo and Rent Reporters... inside of 30 Days you would have 2 accounts over 2 years old and your credit would be in a much better position for applying for a mortgageOne other thing that is worth mentioning is that INCOME is MUCH more important than credit when applying for a mortgage.
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17 June 2024 | 15 replies
When it comes to cash flow versus appreciation, there's a bit of a trade-off.
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17 June 2024 | 6 replies
.- I have about 150K available for a down payment, any suggestions on the type of property to target (cabin, condo) if the goal is to be around cash flow even?