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3 September 2024 | 2 replies
Put a big nice looking sign up out front of the property4.
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1 September 2024 | 4 replies
Typically what @Samuel Diouf suggested will not work, unless you also include a significant and successful value add, for a few reasons 1) debt to income requirements likely will provide a means to get a loan on a 2nd property. 2) saving 5% for OO down in Orange County on MF likely means at least $50k with closing costs. 3) the home if purchased rent ready off mls will still be cash flow negative after a year (and 2 years, 3 years, … at some point it will have positive cash flow but I would not expect it in less than 3 years on rent ready property.
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29 August 2024 | 8 replies
In my previous post under a similar heading I talked about my main learnings from a land deal that I'm working to close.
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3 September 2024 | 2 replies
You can go heavier in one category but that's up to you on which on you'd rather invest more in
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29 August 2024 | 3 replies
looking back I got a decent deal but it took too long to close and I need to find a team for the long term to accumulate fourplexes or build them.I'm wondering if people involved are just washing their hands if my deal rather than grow from it.Emails from before closing were insane looking back on it.
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3 September 2024 | 3 replies
Hi Nathan, Thanks for reply, But I am from Canada and my city doesn't show up there.
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3 September 2024 | 3 replies
I'd suggest asking your lender to mock up what it would cost to get your rate to 5% and then do a cost-benefit analysis to determine if that's the best use of your funds.
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29 August 2024 | 5 replies
I've coordinated 30+ projects for investors now, seen the fix and flip process up close.
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3 September 2024 | 3 replies
You're signing up for an absolute meat grinder of a job with the hope that you can someday stabilize it and build something that could be put on cruise control or sold.As for tactical advice, tap into your network and alumni network.
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3 September 2024 | 1 reply
I do have a contractor that has an amazing team that can do everything from the ground up to plumbing and HVAC.