14 October 2021 | 11 replies
There are bigger wholesale companies like NWA (not in AL) that provide a larger number of deals as well.
22 September 2021 | 14 replies
I recommend keeping a minimum reserve for each property (mine is $10k/door) to ensure you can cover most "surprise" expenses and larger capex when they arrive.
15 September 2021 | 5 replies
PMs are great if you're running a larger (5+ doors) portfolio, in a similar area, and have "lived" self-management long enough that you know you're no good at creating standard operating procedures or farming out the work directly.
4 October 2021 | 55 replies
If you have to make a choice between the two, you're doing it wrong.
10 September 2021 | 3 replies
So make sure that your HML will lend you 75% if it's NOT your first deal or if it's in a larger city.
9 September 2021 | 8 replies
There's also ways to make allowances for houses that are slightly larger or smaller than yours or in slightly better or worse areas if there's no great comparable sold properties in your area.
18 January 2022 | 31 replies
I am paying anywhere from 500 to 750 and that's for duplexes and larger multifamilies.
21 September 2021 | 7 replies
Many syndicators structure the deal so that if there is great upside they get a larger portion.
17 September 2021 | 10 replies
You bird hunters can wait until after the war, sorry-not-sorry.A local/regional bank that in March 2020 did not do 1st position mortgages, couldn't really set such a division up in COVID, so they have no choice, and must either continue offering HELOCs, or forego all real estate related profit entirely.
9 January 2022 | 11 replies
I want to build a portfolio of MF homes using creative financing (starting with one) then eventually scale to larger deals.