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14 January 2020 | 8 replies
Any other advice you might have for building out my network is perfect too.
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10 January 2020 | 2 replies
Also as I mentioned earlier you need to ensure your location more or less matches what I mentioned above.
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11 January 2020 | 9 replies
If you have clear answers to these questions, then find properties that match your answers, and move forward on the best one.
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14 January 2020 | 12 replies
Instead of spending hours, days, weeks, and months trying to find the "perfect market" (which doesn't exist), use that time to vet, meet, and call operators.
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30 January 2020 | 7 replies
Most of our amortizations are between 15-25 years based on the age of the property and condition and we'll usually match the loan term to the amortization up to 20 years.
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17 January 2020 | 9 replies
Well, it could increase it because you're collecting more rent, it could decrease it because you have more expenses and/or more paper loss (i.e. depreciation), or it could all come out in a wash if your increases in rent approximately match your new deductions.Let's say for 2020 you have $100,000 in profits that would be taxed at whatever your tax rate is.
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10 January 2020 | 6 replies
I just closed on my first rei yesterday. Originally I was gonna have a mortgage up front but decided to barrow money from a family member to purchase the property with the plans to fix it up some and cash out refi in ...
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12 January 2020 | 16 replies
On the other side of the spectrum, what if the seller says the house is in "perfect shape" and is "rent ready" and then you go and it's actually a hoarder situation and needs a clean out of the house and yard on top of your rehab prices.
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13 January 2020 | 6 replies
The only meetups I saw posted on here didn't seem to match what I was looking for.
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14 January 2020 | 6 replies
I'm a big youtube fan lol but it also happens to be a perfect tool for learning construction.