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1 March 2024 | 7 replies
You have to use sales price minus sales expenses to figure out what amount you need to buy.You can potentially factor in your suspended passive losses to determine how much 'boot' you can receive.
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1 March 2024 | 5 replies
The free equity that was in the house and the potential to build even more easy equity.
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1 March 2024 | 15 replies
Having just found out when credit is pulled and the appraisal is done in the loan process, I now think we may not be in an ideal position, and potentially not in a position at all, to take out a 30 Year Loan in the coming weeks.I believe adjusting course, at least temporarily, may be the only way to continue moving forward.
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29 February 2024 | 8 replies
to hit that mark, then re-assess if you sell or maintain it as a long-term investment.
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1 March 2024 | 28 replies
@Sam Booth most investors want to see a spread of at least 30%, but this is an oversimplification because it doesn't consider important factors like: how much money you're putting down, how much the repairs will cost, how much of your time and effort the repairs will require, the appreciation potential, the cashflow potential, and a myriad of other important factors.
1 March 2024 | 2 replies
This situation is especially tough for VA home buyers like myself, who may need to cover an appraisal gap of potentially $10,000 to $20,000 under the appraised value.
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1 March 2024 | 4 replies
If any investors, realtors, wholesalers in the Columbus area has been thinking to themselves, "I have a lot of little tasks like touring properties, checking on contractors, following up with potential clients but I can't find the time to do these things".
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29 February 2024 | 7 replies
Here are some considerations:Higher Initial Investment: Multi-family properties are generally more expensive than single-family homes, requiring a higher down payment and potentially higher financing costs.Management Complexity: Managing multiple tenants, leases, and potential tenant issues can be more complex and time-consuming.Local Market Demand: The demand for multi-family units can vary significantly by location, potentially affecting rental income and property value.If you are more interested in Class A or B properties and have a less cash flow-dependent plan, residential properties can be a simpler place to start.
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1 March 2024 | 1 reply
If you're just starting and don't have time to deal with a lot of potential issues, turnkey is a great way to get the ball rolling.
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1 March 2024 | 5 replies
Honestly real estate isnt cheap and had some big legal repercussions so theres going to be fear but it's about looking at your first property, the first flip, or the first time you pitched a potential investor and recognizing the courage it took to take that step.