4 August 2019 | 2 replies
It sounds like you were able to combine several strategies with the value add deal, low down payment 203k loan, and a house hack.
3 August 2019 | 2 replies
These modest goals combined with my inexperience in the rehab game have prevented me from looking to seriously into the BRRRR approach as of yet.I would really like to obtain as many income producing sfr and small multi familys as possible and the two biggest obstacles I have found are being able to secure loans and come up with the down payment (I am sure these are typical struggles for other investors out there too) The fact that securing a hard money loan and then rehabbing is a creative way around these struggles really appeals to me.
4 August 2019 | 14 replies
Not to mention, you won’t be a slum lord, renting a piece of crap dwelling, with non working AC, backed up pipes, with fancy blinds and counter tops.
4 August 2019 | 3 replies
Now I am thinking if I find a good enough deal, the funding will come (through some combination of family contributions, partners, and loans).Currently I am spending my time finding and analyzing deals.
5 August 2019 | 23 replies
Normally I’d say stay out of this crap however In certain cases I would intervene when there’s children involved especially if it’s a bad situation that could negatively affect/ impact kids .
4 August 2019 | 7 replies
He spends his time and may even spend some money to advertise the unit, but he it competing with another agent who may find a tenant first and he loses all his time and the money he invested.I am a plumbing contractor and there are many times I feel like beating the crap out of people.
30 August 2019 | 48 replies
While we're all here seems like the overall theme is as long as you have hustle.... money and knowledge will follow or you flat out need a combination of all 3 Money, hustle, and knowledge to succeed in REI
8 September 2019 | 15 replies
Don't go for one that requires a ton of work unless you plan on using it as "education".Investors fail for a variety of reasons, and here are just a few...1) They try to DIY everything and instead of being real estate investors end up becoming a combination of "go-fers, Mr/Mrs Fix-it, painters, plumbers, electricians, land lords, attorneys, etc".
2 September 2019 | 31 replies
My central air crapped out in my own house 2 nights ago, it's 15 years old.
7 August 2019 | 9 replies
The other is to offer equity, or some combination of both.