
5 December 2024 | 7 replies
Maybe someone can shed light on agreements such as this.TIA This ultimately comes down to your relationship with the broker.

4 December 2024 | 7 replies
Considering a mix of long and short term rentals, with the STR’s being non-traditional structures targeting glamping clientele.

3 December 2024 | 4 replies
Quote from @Fadil Khan: Interested in learning about investing in property for rental income, commercial property vs rental properties (section 8, traditional etc)1.

11 December 2024 | 29 replies
They can find things but if they require say overhead lighting and you don't have it that is a bigger issues then small fixes. 3.

8 December 2024 | 26 replies
However, here are a few options:Private Lenders or Hard Money Loans: These don’t require traditional documentation like a W2 and are often used for fix-and-flip projects.

5 December 2024 | 4 replies
I run sum numbers for you please see comments below before refinancing and post refinancing .If I were in your position, I would approach it as follows:Initial Investment Assumptions: Market Value: $360,000 Purchase Price: $360,000 Equity: $0,000Financial Breakdown: Hard Money Loan (LTV 100%): $360,000 Interest Rate: 10% (30-Year Amortization) Monthly Payment: $1,995Upfront Costs: Origination fee (1%): $3,600 Closing Costs (3%): $10,800 Renovation Costs: $10,000 2 Month of Carrying Costs During Renovation: $5,390Total Upfront Required: $29,790Total Capital InvestmentPurchased price $360,000 Upfront Costs $29,790Total: $389,790To make this investment work, you need to rent the whole property for at least $3,165/month, refinance it let say after one year with 5% interest with a traditional mortgage.Year One Rent: Monthly Rent Income: $3,165 Monthly Rent Losses during renovations (2 Months): -$6,330 (-$527/month distributed over 12 months) Total Rent Income: $31,650 per year => $ 2,638 per monthMonthly Expenses: Hard Money Loan Payment (10% Interest): $1,995 / per month interest only Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $292 per month Assuming 0% Vacancy first year Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $2,637Monthly Net Cash Flow: $1Post-Renovation Refinancing Strategy:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate your initial investment of $29,790 plus your 360k debt into a mortgage.

4 December 2024 | 2 replies
Our plan was to do the traditional house-hack, but things haven’t gone as planned.During some self-testing followed by professional testing, we discovered lead in several high-traffic areas of the home.

4 December 2024 | 9 replies
In these early stages of learning and developing as an investor, I'm primarily focused on properties that may require the following: paint, flooring, bathroom/kitchen remodel, drywall, light fixtures, exterior landscaping, siding, or new HVAC.

9 December 2024 | 38 replies
It takes about 10 years of never missing a payment, using light leverage relative to your income, and using a tiny fraction of your available credit card limits.

5 December 2024 | 5 replies
These strategies can allow you to acquire properties without traditional bank financing, which can be beneficial given your current DTI and income situation.