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11 November 2022 | 11 replies
Get preapproved now and have the ability to jump on a good deal at a moment’s notice.Agency Loans For Investment PropertiesFor an investment property, you’ll likely use an agency loan, which means the loan would be backed by Fannie Mae or Freddie Mac.
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27 November 2022 | 28 replies
...but, the reality is: RE investing takes creativity and flexible thinking, the ability to see opportunities others miss, the willingness to acquire properties others don't want, and the willingness to do what it takes to force cashflow.Good luck out there!
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4 December 2022 | 15 replies
Expensive or cheap properties are irrelevant characteristics when it comes to investing.I would moreso analyze homes whether they cash-flow or have the ability to appreciate.If you have one property that is cash-flow poor but appreciation rich and want to change it for 10 properties that are cash-flow rich but appreciation poor - just be mindful that 10 properties may be more work than having 1 property.is the extra cash-flow you are getting worth all extra work.I also do not think purchase price has a correleation with the ability to appreciate(or lack thereof).I would look at a low-cost market that has properties currently cash-flowing that also has new jobs/people coming into the city.best of luck
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20 November 2022 | 3 replies
Lastly, to address your question of working under a Broker or going out on your own, again it depends on your locale, and your financial ability to scale up from zero.
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4 January 2023 | 12 replies
I have also thought about trying to BRRRR some properties in Cleveland due to the low price point and the ability to maybe get some cashflow that can help to offset some of my expenses.
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9 December 2022 | 4 replies
We like multifamily and apartment complexes because of the cashflow they produce and the ability to hire staff to run operations.
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8 December 2022 | 0 replies
We like multifamily and apartment complexes because of the cashflow they produce and the ability to hire staff to run operations.
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16 December 2022 | 16 replies
The only reason I can think that you'd want to do that is if you were EXTREMELY confident in your ability to:1.
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21 December 2022 | 11 replies
@Chris Mason hit the nail - consumer mortgages need to qualify with ATR rules (ability to repay).
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8 January 2023 | 40 replies
Inflation has affected everybody and everything, and some companies are forced to raise wages to keep employees, and raised wages mean that more people can afford more rent.Therefore, I expect the demand to remain constant or increase in coming years.But remember, my prognostication abilities are no better than anyone else's.