25 September 2018 | 7 replies
It's hard to screw up a single family purchase, but as you expand your portfolio the financing choices you make now and along the way matter.
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19 September 2018 | 16 replies
The problem was that after I made that down payment of about $45,000, I had very little money to keep expanding.I had to use multiple lower money techniques in order to grow over the years including:-401K loan for down payments on three properties-FHA owner occupied 4 plex with 3.5% down-Conventional mortgages with 5% down on 2 single family homes that I owner occupied and later turn into rentals-BRRRR method on one home to get all my cash back and buy another propertyThe next thing I'm doing is either refinancing or selling a property in order to get way more units.
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16 September 2018 | 11 replies
If you are renting out single family houses I recommend a 3/1.
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11 September 2018 | 3 replies
also Google “Airbnb Atlanta“ or whatever city and hit the News button and see how terrifying it looks.
15 September 2018 | 11 replies
Digital is more the flick of a button on the computer.
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13 September 2018 | 6 replies
When I'm in a SFR, I house hack by renting out the additional rooms (albeit I'm single).
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11 September 2018 | 3 replies
We will be purchasing another long term rental (single family) before the end of the year and plan to BRRRR properties until level 1 of passive income is reached (7-8 years/10+ properties).
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11 September 2018 | 1 reply
Someone could be worth 50 million but if they have no guarantee or a single entity remote LLC it is worthless.You could have all that other stuff and they could simply walk away and keep running other locations of their businesses.If they are a large corporation you want to see if they are credit rated and then if investment grade BBB- or not.
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29 September 2018 | 4 replies
(not so important but if they only require 15% down on a single family home that is usually a good sign that you are working with a flexible lender) Can I change title to my LLC?