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15 May 2024 | 3 replies
I have been in talks with a GC in Georgia and his method of building is: He builds everything at costs and doesn't include any markup or fees, he oversees everything, I only supply funding, and we split 50/50 the profits after paying back the bank and all other associated fees.Since I am only supplying the funding for the deal, is there a way I can structure doing this so that this is considered passive income for myself since I won't be involved with the construction or overseeing the project?
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16 May 2024 | 8 replies
But I'm also producing good cash flow, which I plan to first save and build a good 6-8 month emergency mortgage fund for both my rental property and my primary residence.
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16 May 2024 | 19 replies
As you continue with this journey, you will need to build up some skin to not let it bother you.
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15 May 2024 | 6 replies
Gaining experience is always a great way to build a solid foundation in real estate investing.
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15 May 2024 | 4 replies
I am approximately 85% of my way through the prep and am about to buy the land to start the build.
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15 May 2024 | 12 replies
If you want maximum cashflow and the least headache consider buying a new build without debt.
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15 May 2024 | 14 replies
It's also important to note that the industry standard is always going to be to take comps closest to the subject property first. 1+ miles away is considered to be far from the subject property in normal metros.
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16 May 2024 | 8 replies
Focus on how to juice cash flow if possible (rent by the room, separating spaces, etc.) or decreasing expenses (assuming a loan, looking at new build incentives, aggressive offers w/ rate buy downs that work for you, etc.)
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13 May 2024 | 18 replies
I know WV as a whole is a trickier state to invest in because as someone said on here, it's kind of a one-industry state, plus the opioid crisis has hit WV pretty hard.