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28 May 2024 | 2 replies
<3I have a bunch of random thoughts, questions, & scatterbrained ideas regarding building an ADU that I'd love some guidance/feedback on if anyone is willing or has knowledge/expertise on!
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28 May 2024 | 0 replies
So I want to sell this property in Lagrange,Ga and just get some of the commercial potential price out of it so I can build a home closer to family.Anyways their is a famous firearms manufacturer that is moving to Lagrange which is a 100 million dollar plant .I have a feeling they may want to buy more property for a future expansion which they are stuck in a rock and a hard place because the county owes the land on one side and the rest is just a old subdivision which if you bought the homeowners out you can squeeze this company for more money.How can I get a investor cash buyer only see the potential on this property and they can hold it and squeeze them till it hurts,I just want 500k for the property you could rent the house till the company comes knocking at the door.
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28 May 2024 | 2 replies
We learned early on that:-3 of the 6 buildings are in a flood zone-the current owner has a loan, this lender doesn't require flood insurance-1 building took on a little water at one point during the 12 years the seller has owned the complex.
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29 May 2024 | 4 replies
To build long term wealth he can buy into REITs or syndications.
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28 May 2024 | 8 replies
I am looking for some tips on building capital for an FHA loan, as well as some tips on networking with other investors and to possibly find a mentor.
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28 May 2024 | 7 replies
I personally think it's easier to get a general contractor's license (especially here in Chicago - it's almost sad how easy it is), but that just means there are a lot of bad contractors.Almost all states require architects to take a state licensing exam and need to have a bachelors degree in similar field to even take the test.I found for me, if I can just find people who are really good at what they do (and enjoy it) I can let them do that and I can just focus on finding deals and building the team.
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28 May 2024 | 8 replies
See below for the numbers:Home Market Value: ~525kLoan Balance: ~476kEquity: ~50kMortgage Payment: $2570Rent Price: $2650Property Manager: 10% (potentially 7% w/military discount from a referral I got)Cashflow: $-185/month, $-2,220/yr1st year Equity Payoff from tenant: $11,561It's a 4 bed, 3.5 bath home built in 2011 that only requires some new paint to be rent ready.
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26 May 2024 | 45 replies
Purchased fully furnished and ready to rent.
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29 May 2024 | 4 replies
Our goal is to build a portfolio of rental properties and work towards financial freedom together.We’re eager to learn from all of you, gain valuable insights, and connect with fellow investors.
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28 May 2024 | 4 replies
I’d look at it another way figure out where you want to live and than figure out if house hacking is a way to afford that area and if you have a long term plan to afford that place with at most one roommate, you will find it hard to break even much less make money house hacking anywhere in the region so may as well buy in a place you want to be long term, if your not ready to commit at least medium term, rent.