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11 November 2024 | 16 replies
If you are new and want to go about if on your own, and your Uncle or Brother or Friend is not your GC, expect what's called in business "Bad Debt Expense" which means essentially that you need to lose money until you learn how it's done and get proper ppl in place.Good Luck.
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5 November 2024 | 4 replies
We will lose out on $100k but get our cash out and the new investor will clear $100k by sitting on a deal for a year (while collecting rents).Does this seem feasible or something that would be attractive to an investor?
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7 November 2024 | 6 replies
Torn between using my VA loan or use my investment property below to help fund my deal.Been losing deals left and right due to the owner occupied rule with VA.I have about 30k in savings, 30k retirement fund, no debt, low expenses (living with parents until find a place)I Own (under my name) a 5 unit mixed use building (4 residential, 1 commercial) fully occupied.
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5 November 2024 | 9 replies
The interactions were mainly me sending places I wanted to go look at, and making offers with very little guidance from them, ultimately only to lose out on the bid.All in all, I've learned that being this early in my investing journey, I need an agent who is not only familiar with investing (or is an investor) but will reciprocate the same dedication and drive.
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7 November 2024 | 15 replies
So they will end up losing them in foreclosure and get nothing It's stupid really.
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6 November 2024 | 5 replies
Have you ever heard of a Landlord being sued by a Tenant and losing property?
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6 November 2024 | 42 replies
My simple math suggests that you probably have to shell out $600k in cash (25% down + furnishing, travel, and make ready costs) for the privilege of losing $1,000-$5,000 per month.
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8 November 2024 | 12 replies
But honestly, you have nothing to lose by reaching out.
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7 November 2024 | 9 replies
If you don't know the dynamics in an urban area, then you are likely to lose money.
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4 November 2024 | 1 reply
Not sure who you could talk into doing this.. you lose all control..