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2 December 2024 | 6 replies
I am happy to be mistaken, but that is my initial impression.
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1 December 2024 | 377 replies
it sounds like you had some good initial capital in order to pay 25% of 92 units.
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2 December 2024 | 5 replies
Any suggestions for impactful investments or initiatives that could provide sustainable support would be deeply appreciated.Thank you for your wisdom and support during this challenging time.P.S.
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2 December 2024 | 33 replies
I'm looking at MFH $450k and up in the Ohio markets (Dayton, Cleveland and Columbus).Cash:- Higher CoC returns- No risk to being having negative cash flow with a loan (excluding capex)- Buying/negotiating power with speed of transaction - No interest payments- No risk of foreclosureFinanced:- Possible exponential equity growth - Growth of initial investment is leveraged ~4x and most likely beat inflation in a decent area- Mortgage interest tax deductions - Better financial efficiency from more doors- Better diversification across more properties Are there other considerations I'm missing?
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3 December 2024 | 15 replies
Keep us posted on how you end up investing that initial $10K and good luck on your journey!
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5 December 2024 | 18 replies
Initially I would keep 3 of the units on 12 month leases, and utilize the 4th as the furnished month to month, for proof of concept in the area, before converting the other units.
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30 November 2024 | 2 replies
The platform will offer features such as estimated ROI and cash flow on properties displayed on a map, similar to Zillow, but specifically tailored for investors looking for their next deal.My initial thoughts on the MVP are to focus on the core features listed above for investment properties, but I’d love your feedback to ensure the platform truly solves the challenges investors face.
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30 November 2024 | 2 replies
Essentially, you have to spend your own money and complete work on the property prior to reimbursing yourself out of the escrowed rehab budget.The draw process typically takes 5-7 days from initial request, to scheduling an inspection, and finally for the lender to wire those funds to you after your work is confirmed by the inspector.
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4 December 2024 | 37 replies
They require a good faith deposit which is the initial scam.
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30 November 2024 | 3 replies
Initially we were thinking about "What do we need right now?"