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29 May 2024 | 36 replies
Finally, most people I've met in the country (and elsewhere) who love to stay in short-term rentals and dislike all-inclusive generally dislike Punta Cana.Of course, it's another story if you buy (partly) for lifestyle purposes, as you might just be happy enjoying your property and covering your costs.Thank you for the insight, I know a few friends making money there thru Airbnb and I was looking for more insights I’m assuming you don’t own real estate?
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30 May 2024 | 4 replies
@Ben LeeIf you can move the equity to another deal that makes you more money then sell the condo and buy a SFH.
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29 May 2024 | 4 replies
In terms of cash reserves outside of that we don't have anything substantial saved (our savings went to the earnest money) so our priority is to pay down the HELOC and increase income.
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29 May 2024 | 9 replies
At 6-months no rent you're bleeding money.
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29 May 2024 | 13 replies
You could also use hard money or rental financing, but you'd need to make sure it will allow beginner investors.
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30 May 2024 | 7 replies
Now we do 20+ flips/brrrs per year and raise money for them.
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28 May 2024 | 10 replies
Where would this rent money be, if its not in a bank account?
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29 May 2024 | 7 replies
I have sites you can purchase where we can 2x your money in less than a year all cash through zoning and entitlements.
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29 May 2024 | 4 replies
I was also told that the LLC interest has to be divided based on the capital contribution and cannot be divided based on the work, for example it can't be a 50/50 partnership if one puts all the money and the other does all the work.Any additional insight or leads would be helpful!
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25 May 2024 | 13 replies
-Finding private money: If you can find a very good deal then connect with a family member or friend that could lend you what you need for a hard money loan or to lend you the full amount.