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5 August 2024 | 14 replies
Hoping to learn more about areas you like, the market specific hurdles you’ve encountered and anything else that you like to share would be super appreciated!
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7 August 2024 | 10 replies
Was this property ever rented or just always used for personal use?
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5 August 2024 | 9 replies
The last note was that i learned what a series liability is and was curious if i may be better off doing one of those because i have 2 properties and plan to slowly add more (Maryland does not offer series llc but wyoming does).
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8 August 2024 | 2 replies
You could do that for 3-5% down.. live in it for a year to meet typical requirements for use… then move into a new house, and ‘voila’ - you bought your second (multi-family) rental for 3-5% down instead of 20-25%.It is entirely possible though that you will face debt to income issues on your first rental if your lender wants to see a year or twos worth of rental history before counting your rental income to offset your debt payments…so beware of that.Otherwise you may have to look at creative financing… maybe bringing in a money person where it was a short term investment for them, like “I’ll give you 8% on your money (versus the 4-5,% you could earn from the bank CD) if you will partner with me on this purchase.”
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8 August 2024 | 6 replies
If the new builds are larger and you do not need to do any work, that would be the option I'd choose personally.
7 August 2024 | 3 replies
I'm looking to connect with more experienced BRRRR investors/realtors to learn more about how to build a team and the markets to invest in.
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5 August 2024 | 3 replies
I've never been the landlord for a commercial property but have leased commercial property before - I leased through a commercial real estate agent who was acting as a leasing agent for the property owner, and the property owner was the one who collected my rent and is who I made repair requests to so personally haven't dealt with a Commercial PM before but will continue to follow this thread to learn more!
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5 August 2024 | 4 replies
I also personally know a builder who can construct them for about 250k each.
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7 August 2024 | 0 replies
Your offer should match the type of person they are.
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8 August 2024 | 11 replies
This again puts another $6-$20k in my clients’ pockets and getting a more personalized and boutique experience rather than being just another number.