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24 May 2024 | 5 replies
Is there still opportunity for owners who want to make money with AirBnB?
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21 May 2024 | 3 replies
I spent so much money trying to bring that place together that I am literally tens of thousands of dollars in high interest credit card debt.
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22 May 2024 | 30 replies
They need you to spend money and you try to save...
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24 May 2024 | 17 replies
I won't be able to get my money out of it any other way.
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25 May 2024 | 3 replies
So if you pay taxes you are making money and that’s a good thing.
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24 May 2024 | 15 replies
Mainly, because structural issues can be a complete black hole of money, time, effort--and it can be very difficult (and costly) to anticipate just how much money, time, and effort they'll consume.First, you'll need to figure out what's causing the structural issues--it could be settlement at the footers caused by ground water, it could be wood rot or termites in a beam, it could be masonry degradation caused by water coming off the roof, it could be improper drainage of the roof, it could be tree roots degrading the foundation, it could be a plumber who cut out a critical joist to install a line 20 years ago, it could be improper construction, it could be any or all of those things, and it could be any number of other potential causes.
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21 May 2024 | 8 replies
Opinion: If you breakeven or are close to breakeven today, that's a win in this market considering the ability to refinance later.(3) The equity of your home is currently earning you 0%, leveraging adds risk, leveraging also adds opportunity for it to earn you some money.
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23 May 2024 | 80 replies
I would love your experiences because my alternative is to spend a ton of money on airdna data!
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24 May 2024 | 6 replies
This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.
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25 May 2024 | 15 replies
We learned about wholesaling initially and that sparked our curiosity about the many ways to make money in RE.