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15 May 2024 | 11 replies
Hi - people certainly do utlize strategies like this - however, as other commentors have noted - DSCR Loans have emerged as an LLC-friendly and short-seasoning-friendly option for BRRRR investors that allow you to do everything by the book and not have to worry about a lot of this.Sharing this article I wrote last year on BiggerPockets on this topic - financing options for BRRRR strategy and pros/cons of eachhttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...
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15 May 2024 | 15 replies
That's a method of borrowing money to borrow money, which is how people over-leverage and get themselves into trouble.You were fortunate enough to jump into the market when everything worked in your favor.
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15 May 2024 | 7 replies
Yes wholesale deals are typically off on reno & ARV. if it helps expand that’s a bonus, putting other peoples money to work while you grow your 50 doors congrats on that!
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15 May 2024 | 16 replies
The area is popular for off-roading but these people bring their own RVs.
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14 May 2024 | 17 replies
Most people might not have the ability to pay 5 to 6 figures a year for that.With Costar it is about residuals. 15 years in the business I do not like contracts and residuals.
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14 May 2024 | 3 replies
Not a lot of people invest in Rural Manitoba.
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14 May 2024 | 9 replies
Attend meetups and meet as many people in RE as you can.
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14 May 2024 | 15 replies
People oohed and ahh’d about the lovely original wood so I’m generally a big fan.
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14 May 2024 | 2 replies
It is very overwhelming to get into the real estate business with so many people already in the game.
14 May 2024 | 7 replies
Network, network, network and tell people in your personal network what you're looking to do.