Kevin Weigold
Bi-Weekly Rent Payments.
11 April 2024 | 1 reply
I lost my job last October but had enough money to cover rent until January.
Ardian Selimi
22 with 200k liquid looking to get my first property
9 April 2024 | 3 replies
I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more.i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)
Andreas Mueller
A Skeptical Real Estate Investor - Inflation is up, now it's a Trend.
11 April 2024 | 3 replies
(Bloomberg)Today’s Interest Rate: 7.06%(Flat from this time last week, 30-yr mortgage)Today is a big day for us folks in the arena, it’s inflation day for consumer prices (CPI).
Justin Fox
Financing for Modular Duplex on land I already own
11 April 2024 | 8 replies
But I assume it will be more expensive and harder to find land on city sewer and water.The goal is next year get land and the year after start building.
Faiz Kanash
Is it hard to refinance a hard money loan into a mortgage?
11 April 2024 | 9 replies
The last thing I'd want is to be unable to refinance into a traditional mortgage, then i'd be stuck with a rather massive bill to pay at month 12 that'd i'd be unable to actually pay haha.
Account Closed
RV Office Write off. Is it a TRAP?
11 April 2024 | 10 replies
This example of the Raptor RV and marina is a great reminder that it is important to not only have clear business goals, but also to document all expenses and use of assets for the business.
Bryson Williams
Utilities to Pay or Not to Pay ?
11 April 2024 | 7 replies
For example, an investor I know had lien put on her property in San Francisco because the nightmare tenant didn't pay the last trash/recycle and water bills before tenant moved out.
Grant Vincent
How to structure will? Inheriting house with surviving relative?
12 April 2024 | 16 replies
I am also a broker and sold a life estate property last summer.
Lilly Fang
First time working with a wholesaler. I asked for one more walk-through. unhappy
13 April 2024 | 29 replies
And last, but not least, if they are going to be pushy with it like most off-market folks such as New Western & the likes are, just operate at your own pace.
Lilly Fang
When I finance with private lender, can I say it's a cash offer?
11 April 2024 | 6 replies
To the seller, it implies there is no chance a lender will pull out at the last minute and jeopardize the deal.Realistically, most wholesale deals are negotiated well in advance, so all parties know where the money is coming from.