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12 September 2021 | 9 replies
These properties sold during winter which I think played a role... as mentioned before sub 350k is tough to get now so knowing what areas should be priced at and trying to scoop properties below that is a very obvious, but tried and true method to build equity, particularly if you're okay with buying properties that need a facelift.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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2 September 2021 | 1 reply
I am really dead set on living here though and want to make it work.
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5 September 2021 | 26 replies
Even at 2% over 30 years that’s only 82k financed.This isn’t looking like much of a deal as a long term rental unless you are doing a pure appreciation play.
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7 September 2021 | 4 replies
Having an LLC is not necessary.However, it should be decided once you have a conversation with an Attorney and an Insurance agent.Some factors that come into play are1) Your Net worth2) Your Risk Tolerance3) Your Risk Exposure
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7 September 2021 | 2 replies
Adequate insurance is generally recommended as a first line of defense and may play a part in this decision as well.
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7 September 2021 | 44 replies
Small investors are not dead, you gotta hustle everyday, and don’t stop!
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9 September 2021 | 7 replies
A lot of investors seem to be buying in here as long term defense plays.
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5 October 2021 | 12 replies
Mailers are long term plays, expensive, and have a low success rate.
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6 September 2021 | 2 replies
Defintely talk to a lender because there are a ton of factors that will play into the amount of next mortgage you can get- the biggest ones I dealt with were DTI ratio and the monthly payment I would have to make on that HELOC.