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19 June 2024 | 0 replies
Purchase price: $235,000 Cash invested: $230,000 Sale price: $595,000 Property was a 3/2.
19 June 2024 | 6 replies
This might be a workable scenario for me.Lack of experience would not kill this deal for us but it would depend on a few things.Usually the biggest challenge for newer investors is in the amount of equity you have available to infuse into the project.You need to have a cash down payment to secure financing.With 25% Down you would be in a multiple financing offer situation where we're just fighting to get best deal possible and batting off Wholesale Account Execs left and right.
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19 June 2024 | 42 replies
After all, they weren't making them, that's how they go into the situation they're in now.All they care about is 1) how much cash will I give them at closing 2) how much time do they get to move out 3) how much cash will they get when they move out.After I bring their loan current and make 2-3 payments their credit score increases, anywhere from 60-100 points.
19 June 2024 | 0 replies
Purchase price: $196,000 Cash invested: $8,500 Sale price: $325,000 I bought this home as a new construction home and made it my primary residence for about 1.5 years.
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20 June 2024 | 9 replies
The RTP area, comprising cities like Raleigh, Durham, and Cary, is an attractive option for several reasons:Strong job market and population growth, driven by the tech, research, and education sectors, ensuring consistent rental demand.More affordable home prices compared to Charlotte, allowing for better cash flow from rental income.Areas like Cary, Apex, and parts of Raleigh have newer construction townhomes/condos that fit your criteria.Potential for long-term equity growth, as the region is seeing steady appreciation.Some recommended areas to consider near RTP:Cary (especially newer developments like Amberly)ApexNorth RaleighDurham (for slightly lower prices)Charlotte is also a solid option, though it may be more expensive:Strong financial/banking sector driving job and population growth.Higher home prices but potentially higher rents as well.Newer townhome/condo developments in areas like Ballantyne, University City, and South End.Robust long-term equity growth potential, but higher entry costs.
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19 June 2024 | 4 replies
Your investing plan sounds "boring" but in 15 years of this strategy you will have millions in assets that cash flow you to not need a job, and equity built up for continued growth or expansion.
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19 June 2024 | 1 reply
It's nice to find a place where people get jacked up about cashing in early retirement funds rather than call you crazy!
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19 June 2024 | 0 replies
Purchase price: $550,000 Cash invested: $1,050,000 7-unit new build to rent What made you interested in investing in this type of deal?
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19 June 2024 | 0 replies
Purchase price: $1,050,000 Cash invested: $250,000 7 unit BRRRR deal What made you interested in investing in this type of deal?
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19 June 2024 | 0 replies
Purchase price: $650,000 Cash invested: $150,000 Sale price: $770,000 townhouse development What made you interested in investing in this type of deal?