Cooper McCue
Looking to make connections!
30 January 2024 | 8 replies
Make sure to set up keywords on the topics and locations that interest you so you can stay on top of conversations.
Elsa Hsu
Insurance company charged me for 30k and Seeking Advice
30 January 2024 | 11 replies
I am responsible for maintaining the part of the pipe that is located above my subfloor.
Tony Jarusook
Fixed rate equity loan vs HELOC
31 January 2024 | 16 replies
There are a few little things to consider, but generally that works well.If you get your long-term rental in very well performing locations you can use the positive cash flow to pay the HElOC back.Just to give you the math (the numbers are simplified to make it easy to follow):- You get the HELOC for 70% of the equity = $260K * 70% = $182K- you use $75K for the down payment of the $300k investment property- If you have $500/month positive cash flow it will take you $75000/$500=150 month to pay back the HELOC- When looking at really well-performing deals between 1% rule and 2% rule, you could probably three properties, professionally managed in the right location, each generating $333/month in positive cash flow, so your HELOC would be paid back in about 6 years.- Keep in mind that a HELOC has the benefit of requiring you to only pay interest on the actual balance.
Joseph Lopez
Always have multiple exit strategies built in to your projects
31 January 2024 | 1 reply
All were viable, but its most effective use due to its location was STR.
Paul Gray Jr
Live in BRRRR Tri/quad ,House hack Wildomar/Murrieta or surrounding areas
30 January 2024 | 1 reply
Any insight on if the FHA 203k loan is the best loan for this scenario.I'll put up with the discomfort and patiently live in the property to make sure rennovations are done correctly Even if it takes me 2 years as long as it appreciates but I'm not sure how to align for picking best locations and how to go about getting the money out from the seasoning period (if any).
Jesus Alex Arce
New to Real Estate Investment California based
30 January 2024 | 3 replies
Adding keywords related to your investment strategy or market locations can be updated in your settings.
Bruno Torres
Home is not renting!
30 January 2024 | 16 replies
Things that i've noticed:* the north oakland area (where my home is located) may have lost its attractiveness (car break-ins, crazy people, etc) * there are a lot new condo constructions that are offering crazy specials, a friend had his property (a condo) vacant for 3 months.I dont know how to analyze the situation , there are a couple of options:1) Suck it up until April, wait until someone rents in may2) Sell the home - i dont have high hopes, the home had a redfin estimate of 1.4 mill at some point, it now has an estimate of 1.1 mill, but i dont think i'll get more than 1 mill if i'm lucky.
Mike H.
Hard Money / JV potential here in Houston?
31 January 2024 | 7 replies
And it has to be centrally located (i.e., inside the 610 loop or not far outside.
Euloge Kpamegan
New member from NJ
30 January 2024 | 4 replies
Adding keywords related to your investment strategy or market locations can be updated in your settings.
James Russo
Financing a fix and flip
31 January 2024 | 9 replies
It depends on what you are looking for, personal financials, and location.