Jon Dawes
Keep equity for lower mortgage payment on primary v. buy cash-flowing invesements?
14 May 2024 | 6 replies
Some other pros and cons but could keep that money liquid and flexible.
Mary Lynn Pruneda
GCing Your Own BRRR - Paying Yourself?
12 May 2024 | 3 replies
To help with you issue of cash flow, consider the idea of financing your rehab budget with your hard money lender.
Austin Snyder
I bought my first piece of land in a tax auction, how to develop?r
13 May 2024 | 9 replies
My question was this, to save time and money, is there a place I would be able to see if a previous soil test has been done, building plans, anything?
Kenton Guidry
2nd house flip, mentor
13 May 2024 | 7 replies
Many people lose money on their first flip so this is not bad at all for a first one.
S Yu
Separate Bank Account for Rental Activities?
13 May 2024 | 16 replies
I will also be paying the mortgage from this account and if I am short, I'm going to transfer money from another account.Is this a good idea and what does everyone do?
Tommy Cheng
Question for owners of multiple STRs
13 May 2024 | 4 replies
It is challenging but we committed to going there every 4-6 weeks and having a great team on the ground ( will cost you some extra money) but they are the difference in having issueswe have one of the best cleaners in the area and our guy that cleans the grills does all my light maintenance and guest interaction if I need it(pets, too many guests etc.)3-4 hours would be a dream and you can definitely do it but you have to commit to going there every 4-5/6 weeks In my opinion because there will be things you need to address or upkeep- this is obviously only if you decide to self manage.
Marshall Hooper
Syndicates soliciting for equity investors on Facebook
13 May 2024 | 8 replies
You will likely need experience with the type of deal for which you are raising money.
Allen Parker
Too many eyes on one area
12 May 2024 | 18 replies
Coming back with more money, a condo, and a wife i feel ive reached a time where my eyes wont wander again.
Gregory Herbert
I find it scary to be a landlord because there are so many laws
12 May 2024 | 6 replies
For example, if in the rental application you don't put xyz it's illegal and you can get suedif in the rental application you mention xyz it's illegal and you can get suedif you put clause xyz in the lease, it's illegal and you can get suedif you don't put xyz clause in the lease, it's illegal and you can get suedif you sign the lease wrong, the whole lease is void and you don't have a leaseif you don't provide xyz to the tenant, you can get suednot to mention how unfriendly my state is with respect to landlords, if a tenant is not paying rent, good luck evicting them. plenty of properties in my market for dirt cheap because it has deadbeat tenants and nobody wants to deal with them.yes in an ideal world I have 20 lawyers and accountants on speed dial who I can call any time, but lawyers and accountants are expensive and I have done the math, at best if you are really lucky you can barely cover your mortgage, I don't have money for a lawyer.
Najeh Davenport
Hard Money Loans for Acquisitions
9 May 2024 | 4 replies
I understand the concept of hard money loans, but I'm currently navigating the process of applying for one myself.