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11 February 2024 | 4 replies
Offcourse, the "Goal" would to be able to purchase something reasonable and after living there for a year or so, leave and have it cash flow.
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11 February 2024 | 27 replies
If it's a "true" 1,700, no garage conversion or patio enclosure, you might get close.
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12 February 2024 | 11 replies
Do you have a reasonable pro forma drafted that you can use to analyze deals?
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11 February 2024 | 12 replies
It may be true that it's time for a CPA and we have an excellent way to find that out, right here, right now: Which CPA here would take me as a client?
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12 February 2024 | 4 replies
The reason is so that you can repeat the process and build your financial IQ on solid ground to grow faster in the future.
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12 February 2024 | 7 replies
The very few that succeed are on the phone constantly, have good people skills, can take a lot of verbal abuse, get to the point and are organized and good at follow up.It's a bit harder right now, for a couple of reasons, people with low interest rate loans don't want to give up that low interst rate and wholesaling has become the gold rush of today where the people selling supplies to the gold rushers made a lot more money than the gold rushers themselves.Can you make money wholesaling, yes of course, if you do the work and grind it out.
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11 February 2024 | 6 replies
There are a million reasons why a would-be long term investment can need to be unloaded early.
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12 February 2024 | 10 replies
that's what i've gathered yeah, that it's really people in the colder climates that care about garages. so to reiterate: if most other single family RENTALS in the area don't have garages or sprinkler systems, yours doesn't have to either. and even if they do, a local PM company could prob tell you how much less rent you could generate for that reason, & it could still be a great deal. i'd just encourage you to not miss out on a deal just because it might not be PERFECT. they never will be!
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12 February 2024 | 9 replies
And compound that $30K at 10% interest (a reasonable IRR on a property).
12 February 2024 | 5 replies
(depending on the lender this will be 6 months - a year) If you're able to find off market distressed deals you can still find reasonable cashflow but still have the appreciation benefits of a bigger market.At the end of the day, it boils down to what your appetite and long-term strategy is.