Bryan Price
Business line of credit (@ 5%)
18 June 2018 | 2 replies
seems to me that works.I have had the same set up with my bank for years.little bigger loan size than yours.but one loan is an unsecured loan to go shopping.. the second half of the facility is to secure it up once they have the apprasial.. money comes in on the secured line and pays off the unsecured LOC .. now this is a flipping line not a buy hold line.. but I could refi out and keep as rental if that is what i wanted to do..
Karsten Geib
Preparing a lowball offer to present to a seller
26 June 2018 | 8 replies
My current intent is to find a duplex to live in and rent the other half in order to reduce my monthly rent expenses and eventually start earning income from.
Parker Sanburn
The Possible Gold Mine Known As Tax Delinquent Properties
25 June 2018 | 47 replies
So my idea is to search and find these somewhat worn houses and apply to buy for around $500-$1,000 and get the deeds and then turn around and sell it to one of those "We Buy Houses For Cash" businesses.
Adam Mittermeier
Should I use a LOC for my first few investments?
22 June 2018 | 4 replies
A good strategy is to use the LOC to make an all cash purchase, that way you increase your bargaining position, then once the property is yours, get a lower interest 30 fixed loan on it, & repay most of your LOC.
Josh Guo
Investor Friendly Agent | Jackson MS
19 June 2018 | 4 replies
My goal is to buy it with conventional financing, repair it to be rent ready, and hire a property manager to rent it out.If you could recommend an investor friendly real estate agent, I would highly appreciate it!
Chase Maher
Feedback on potential 16-unit purchase
21 June 2018 | 5 replies
Plan is to make improvements in the 50k range and raise over the course of 6 months to an avg rent that would bring NOI to 72k and then re-fi.
Jose Pena
Omaha newbie looking at starting buy and hold portfolio
21 June 2018 | 4 replies
Our goal is to be able to buy at least two properties the first year and double the figure every year.
Jonathan James Look
Seeking to connect w/ remote investors in the Berkeley, CA area
18 June 2018 | 0 replies
My goal in the next year is to move from single families to the multi-family space, and then quickly to the commercial apartment space.If you're willing to chat, meetup for a drink, or let me know about other meetups in the area (San Francisco/East Bay), then hopefully we can meet and exchange information, build partnerships/friendships, and build towards our financial freedom.Cheers.
Ellen O'Neill
24 years old, 35k a year but good saver - do I buy a property?
25 September 2018 | 11 replies
Your other option is to consider buying an SFR and just renting rooms in your home to roommates, in case you can’t snag a multi-family.
Khorey Beauford
First Potential Investment
19 June 2018 | 5 replies
My goal is to put my family in a better place to become financially free.