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16 July 2024 | 12 replies
of course you have to handle the inquiries… but it’s pretty easy… we’ve done it multiple times.Your 6% appreciation approximation is less than the 7% average return the stock market does long term - and lately it has been blowing that figure away - though as they say - past performance doesn’t equal future performance.
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18 July 2024 | 1 reply
Are you kidding me, your entire investment is based on using the property for short-term rental - any complaints by neighbors and you have to cease.
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14 July 2024 | 14 replies
I'm so confused... do y'all do other insurance on top of homeowners policies on your short term and medium term rentals?
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16 July 2024 | 15 replies
What does cost me is a tenant who doesn't stay very long.
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16 July 2024 | 11 replies
As long as you have a plan to pay it back, I don't see an issue.
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16 July 2024 | 13 replies
As long as I am within my inspection period I can pull out of the contract at anytime.
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20 July 2024 | 11 replies
Prioritize paying off existing debt to improve your debt-to-income ratio for better loan terms.
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18 July 2024 | 4 replies
Purchase Price:Total: $1,985,000.Deposit: $10,000 (First Deposit) within 3 days, additional $30,000 (Second Deposit) within 30 days.Seller Financing: $297,750 (15%), 5-year term, 20-year amortization, 6% interest.Balance: $1,647,250 to be paid at closing.
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19 July 2024 | 0 replies
Plan for the Long TermTax Planning: Understand tax implications and consider strategies such as 1031 exchanges for deferring capital gains taxes.Estate Planning: Develop a plan for passing on your real estate investments to heirs.Additional Tips:Stay Disciplined: Stick to your investment plan and avoid making emotional decisions.Continuous Learning: Real estate markets evolve, so stay updated with industry trends and regulations.Risk Management: Be aware of risks such as vacancies, unexpected expenses, and interest rate fluctuations.By following these steps and remaining committed to your goals, you can progressively build wealth and achieve financial freedom through real estate investing.
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16 July 2024 | 7 replies
Hey BPers, I've been casually reading about Peer Street and Fund that Flip and am curious about people's recent and long-term experiences with these services.