Account Closed
Properties in low income / bad neighborhoods
9 April 2024 | 5 replies
Starting my wholesale journey right now :)I have some experience in buying real estate for rentals and flips.As a rule I made for myself, I won't work in areas where I know crime levels are high and are generally low income areas, becasue I know how hard it is to sell them (if its a fix & flips) or rent them.Nowadays I'm looking into starting my wholesale business and was curious about that...Does it matter for the cash buyers?
Robert Adams
Would like to get into wholesaling
9 April 2024 | 7 replies
However, you could build your investor-buyer network and partner with one or more who have more money.
Ina Howard
Advice for client with assets, excellent credit, no income post-divorce
9 April 2024 | 4 replies
Hi folks, I have a buyer client looking to get into the Brooklyn multifamily rental market for the long-term.
Ornella Kaneza
50k in equity and want to pull and invest
8 April 2024 | 4 replies
Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.
Aaron Maxwell
For tax deed investing.what apps do I need to get organized?
9 April 2024 | 2 replies
If you're going to sell the properties with or without rehab you'll want to have a robust CRM to manage your distressed homeowner/buyer/attorney/vendor lists.The advice from Bruce is solid...start slowly and you'll figure out exactly what you need as you proceed.
Sanjeev Advani
Mastering the Market: Sanjeev Advani's Guide to Thriving in Real Estate, Property Man
9 April 2024 | 0 replies
He talks about the role of green building practices not only in minimizing environmental impact but also in attracting eco-conscious tenants and buyers.
Connie Chang
Commercial Appraisal Question - Nonconforming
9 April 2024 | 0 replies
Title shows number of actual units, while city records show one less unit and agent has also reported a non-conforming unit on MLS (unclear why there's a discrepancy of one less unit with city).
Robert Burns
West Village Apt
9 April 2024 | 1 reply
Remodeled Kitchen and Bathroom, updated AC Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Thomas Beard
Can’t get umbrella insurance
9 April 2024 | 6 replies
If your agent can not access them, PM me and I can check with the company to see who are CA agents for the program.
Daniel Tanasa
Getting paid to buy a rental property
9 April 2024 | 0 replies
. :)) Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?