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18 August 2022 | 2 replies
First, I would like to share some little background on our "real estate experience" about 5 years ago my wife was gifted a fairly large/valuable home by her parents. 3 years ago we started renting a room on Airbnb and it went fairly well so we began adding more and more rooms until we either had 6 individual rooms rented or rented the whole house as a vacation rental.
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23 August 2022 | 8 replies
hard money is going to be your best and easiest bet, especially if you plan on borrowing funds to help get into the deal. i have done this before. happy to share more info.
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1 September 2022 | 10 replies
This is the easiest (and cheapest) way to get traction.I also run Facebook ads and do a little direct mail.
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14 September 2022 | 2 replies
I have a triplex in Schertz and I is our easiest property to manage now.
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19 August 2022 | 7 replies
If you don't have assets keep in mind that you can get a "gift" from a family member to help cover the costs to buy.
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20 August 2022 | 1 reply
Total income from that building is $1,650, and I will be buying the building for $330,000 with the seller covering closing costs, and a gift for the deposit given to me by family.
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21 August 2022 | 1 reply
Creative financing deal: The seller allowed a gift of equity of 20% $45,000, but we had to pivot and add a private note for 10% $22,5000 at 0% for 5 years due to a delay in closing (credit union delays in underwriting) and the owner had a capital gains realization as 5 years had passed since they left the home and no longer qualified for homeowner status.
27 August 2022 | 1 reply
He was generous enough to give me $130,000 in gifted equity.
29 August 2022 | 3 replies
Get a good PM and insurance and your fineMost people don’t realize self managing a property is the simplest and easiest way for someone to pierce a corporate veil.
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29 August 2022 | 2 replies
I was gifted my grandparents old home and now own it outright but it is in disrepair.