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14 December 2024 | 6 replies
Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.
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13 December 2024 | 6 replies
I hope it doesn’t take him too long as the deadline is approaching...
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13 December 2024 | 13 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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12 December 2024 | 6 replies
@Monica Juarez-Gonzales Adding to prior note that @Michael Plaks has created the best resources and content, bar none, to help investors understand how to approach Cost Seg.
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13 December 2024 | 4 replies
An experienced team or partner can also help boost confidence.Providing a combination of a solid commitment letter, proof of funds, and a clear, professional approach signals you’re serious and capable of closing the deal.
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13 December 2024 | 18 replies
Reliance on a team a flight away wasn't for me as I was getting started, I am considering bending that approach.
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16 December 2024 | 15 replies
However, your unfortunate ultra conservative approach may work, but it won't work for all.
12 December 2024 | 4 replies
As a wholesaler, a seller approached me with a 48 unit apartment complex, 7 duplexes and a 2500 sqft Single family that he wants to sell (all of which occupy the same block.)
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7 December 2024 | 14 replies
The quickest way is to build a relationship with a general contractor and have them walk the property and give you a quote.
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15 December 2024 | 7 replies
I would J/V but not sure who I should approach on that.