4 March 2024 | 11 replies
@Erika CabaAs an out of state operator with 15 units 6 of them being commercial office residents, I had to learn how to trust my maintenance techs.
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3 March 2024 | 5 replies
Investment Info:Single-family residence fix & flip investment.
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3 March 2024 | 1 reply
Investment Info:Single-family residence fix & flip investment.
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3 March 2024 | 2 replies
So as I understand it I have access to 80% of that equity $184,000.
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1 March 2024 | 5 replies
Total value of all properties is right around $1m so a good amount of equity.
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3 March 2024 | 7 replies
It allows you to go in with a primary residence debt and you have to live somewhere anyways so might as well pay yourself.
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3 March 2024 | 2 replies
Investment Info:Single-family residence fix & flip investment.
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3 March 2024 | 4 replies
But more properties will be needed than buying in cash.Appreciation/equity paydown: Cash flow from rents will be supplemented by property value gains and tenants paying down your mortgage.As a rough estimate, assuming you can buy properties for $150k that rent for $1,500/month with 50% expense ratios, each property may cash flow around $750/month or $9k/year.
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2 March 2024 | 21 replies
Also note that most states will not allow you to GC (or go Owner/Builder) on an investment property, only on your primary residence.
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3 March 2024 | 7 replies
If you buy Premium properties they tend to stay booked regardless and protected by the equity due to higher end markets.