
15 January 2025 | 12 replies
There's a few different ways to focus on a lower rate such as with house hacking and making the investment your primary residence, requesting a significant closing credit from the sellers for standard rate buy-downs (which I've had great success with recently), or utilizing lenders who offer short term rate lowering solutions such as 2-1 rate buy downs (again, ideally paid for by the sellers).

8 January 2025 | 11 replies
Organizational Delays: Section 8 offices are often overworked and understaffed, leading to slow processing times for new tenants, delayed rent increase approvals, and poor responsiveness.Benefits of Section 8:1.Long-Term Tenants: When you get a good tenant, they usually stay for a long time because of the tedious process required to qualify for Section 8 housing.2.Consistent Income: If Section 8 covers most or all of the rent, you typically receive reliable monthly payments, reducing the risk of non-payment (as long as there isn’t a large tenant portion).3.Lower Barrier to Entry: Because properties in these areas are often more affordable, it’s a good way for new investors to break into real estate without needing a large amount of capital.Overall, I’ve seen the good and the bad of this strategy.

11 February 2025 | 183 replies
I did find It should result in a 2.5 to 3.5 kw system, net cost around $5k after tax credit.

8 January 2025 | 8 replies
A line of credit won’t commit you to a monthly payment unless you use the money, so you can avoid paying interest when it’s not in use.

15 January 2025 | 18 replies
Instead, you could explore pulling equity out through a home equity line of credit (HELOC) or a cash-out refinance.

5 January 2025 | 8 replies
(Foundation, etc)4) Black mold, asbestos, lead paint, other other costly repairs. 5) It need significant cosmetic repairs where the purchase price just isn't worth it. 6) They may have an odd layout of the rooms. 7) Non-compliant septic.8) Trouble with permits or tenants9) Listing agent has a poor or incorrect listing.

13 January 2025 | 10 replies
No social or credit pull needed upfront.

13 January 2025 | 12 replies
Private lenders tend to focus more on the value of the asset or project rather than your credit score or financial history.

2 January 2025 | 0 replies
Purchase price: $86,000 Cash invested: $2,500 After being done with Rich Dad, Poor Dad, several podcasts (including bigger pockets), and other resources we were desperate to take action.

10 January 2025 | 8 replies
This includes credit, criminal, and rental history checks for all parties.