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18 November 2022 | 6 replies
Now I can say I’ve almost come full circle.During lock down last year I spent a lot of time watching YouTube videos and stumbled across an Australian (Lindsay Stewart) who was acquiring US properties remotely.I have been investing in property since 2007 but had never had anyone walk me through the process of how to successfully invest remotely.After months of due diligence I acquired a property in Roseville, MI from (having never been to that state let alone that city).I was able to buy it deeply discounted, with a tenant in place only doing minimum delayed maintenance items - 500 spent.The asset is generating a 10.2% net yield and once I carry out a cosmetic renovation that will increase to 16.2% net yield!
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6 December 2022 | 4 replies
The contractor I used delayed the projected by over 8 months from the agreed deadline.
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18 November 2022 | 6 replies
Mason is right I have done the exact same thing and was able to raise section 8 rents on 2 units from 850 and 950 to 1075 on both with a phone call to the local housing authority office and with minimal increase to the tenant's portion of rent
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7 December 2022 | 35 replies
This might feel like you've been denied a lot at this time...just try to think about it like it's a delay.
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16 November 2022 | 6 replies
They had over 6 months of delay planning and implementing ground water mitigation to keep it from just dumping in to the lake.
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6 December 2022 | 33 replies
Below are the details:PurchasePrice: $177kCash to Closing: $22kRehab Budget: $60kInterest Rate: 11.25%, 12-month term, interest onlyMonthly Payment: $1,659-$2,175 per budget usedBoth realtors are advising me to rent the house to minimize my losses, but I’ll lose about $200-300 per month with a max $1,550 rent.
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8 December 2022 | 12 replies
( Note: Using Va Home Loan to buy Multifamily and will live in 1 apartment for 1st year ) My Goal: With this 1st Multifamily ... goal is cash flow and appreciation 1) Considering Orlando area, but What areas of Florida should I consider buying my 1st 3-4 family house and why2) If you were in my shoes as a 1st time multifamily investor what steps would you take to minimize costly mistake & maximize investment 3) what book do you Recommend to read as a 1st time Multifamily Investor
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17 November 2022 | 52 replies
Why do you want to minimize the power of your cash?
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22 November 2022 | 56 replies
By doing so, I can maximize the returns from each deal while minimizing costs associated with marketing and due diligence.
18 November 2022 | 26 replies
with turnkey, you're going to be taking minimal cash flow and splitting it 3+ ways?