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28 February 2024 | 15 replies
Also maybe turning it into a two family home to maximize rental income is an idea.
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28 February 2024 | 11 replies
Most brokers have no idea how seller financing or creative financing deals work and are averse to presenting it to their clients because of that AND because they're concerned how it will affect their pocket - like all of us probably would be too if we were in their shoes.
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26 February 2024 | 42 replies
Frame it properly: "You are going to help them solve a problem that they have"Focus on this one thing first before you start chasing other things.
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27 February 2024 | 0 replies
Your cash value grows tax-free (with proper planning), providing you with an ever-increasing resource to fund your real estate ventures!
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27 February 2024 | 7 replies
While I'm intrigued by the idea of DSCR financing and hard money lenders, I feel they might be a bit too pricey and risky for me at this point.That said, I'm excited about the prospect of partnering with someone on a deal, whether it's as a minority partner bringing value through sourcing deals or as an equal partner sharing the workload.If you're on the lookout for a young, motivated investor to collaborate with on future opportunities, I'd love to chat.
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28 February 2024 | 10 replies
I personally like the idea of a SFH walkable to the beach in that area.
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27 February 2024 | 2 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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28 February 2024 | 5 replies
I always hear " If theres no cashflow, it's already a bad deal." but at the end of the day I will still own a piece of RE that will hopeful bring decent cashflow and good equity.Another idea I had is to do a Live&Flip.
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28 February 2024 | 19 replies
I think the MHP I'm looking at wouldn't be a great fit given how far away it is from a major highway, but I like this idea.