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5 March 2024 | 3 replies
I don’t suspect them increasing significantly but also don’t see them dropping significantly either
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5 March 2024 | 11 replies
.- Cabinets: Lowes off the self white shaker cabinets.- Bathroom surround: white subway tile (3"x6" I think)- Bathroom toilet: white- Bathroom vanity: vanity with top.- Kitchen sink.
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4 March 2024 | 10 replies
With a keen eye for promising deals and a rigorous analytical approach, I am confident in my ability to identify and execute successful investments.
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4 March 2024 | 10 replies
There are plenty of people with little to no experience that live in other cities and states trying to do this.You may as well self manage as opposed to hiring someone that doesn't live in your area.
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5 March 2024 | 13 replies
Once you have this team in place, you should be able to invest in any market confidently.As for picking a specific market - I would go after one with an increasing job and population growth.
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3 March 2024 | 1 reply
so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.
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4 March 2024 | 15 replies
There will never be a "perfect deal" in my mind, but something that works best for them at that time, and something they have the upmost confidence in is ideal.
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4 March 2024 | 2 replies
For management, I'm guessing you plan to self manage.
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4 March 2024 | 6 replies
You can learn a ton through social media and then once you have nailed down who would be the best fit to join up with, you can drop that much money in confidence.
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4 March 2024 | 10 replies
What are the highest return strategies to increasing refinance value on new homes?