Great time to explore ADU's considereing recent legislature: https://www.mass.gov/info-details/accessory-dwelling-unitsWould love to connect!

My worry is the 5 years pass and the balloon payment comes due, and now I am stuck with whatever interest rate is available at the time.

First, we charge the tenant a fee every time an appointment is set and they do show up.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

You can always add them to title and then they can refinance it into thier name in 6 month and take cash out at that time as well.If the home has equity take advantage of it while rate are now dropping fast as of this week.

When starting off in wholesaling is it better to find a buyer or a seller first?

Many of us here in WNC thought we were going to see a mass selloff in the Summer or Fall of 2023. because the first 2 quarters were surprisingly brutal regarding STR revenue and bookings.

Even if you have enough for a down payment and closing costs, there is always a chance the furnace or AC goes out the first time you try to turn it on (typically this would be caught by an inspector), or some major damage happens that insurance doesn't cover.  

After removing the mold risk and opening the walls we found moisture coming through the foundation showing improper foundation work done over time, including wood foundation being used in the rear.

But the question is whether one can actually achieve the proforma cash flow on older properties with a less economically stable tenant base.Based on your picture, you appears fairly young.My advice is buy properties in quality locations think long term 10 to 15 years - slowly and safely build your portfolio - equity and cash flow will increase over time and in 10 to 15 years you may become financially free.People talk cash flow is king but one can NOT generate financial freedom cash flow with $250,000 or $500,000 invested (equity).Even at a 10% cash on cash return, one needs $1.2M invested to generate $120K a year $10K a month.You want property to be self supporting so it needs to cash flow but once that is reached the focus in my opinion should equity growth which increases net worth.