19 July 2017 | 11 replies
That being said, if you buy a 2-4 family unit and plan to live in one unit, you can take advantage of the 203K.The 203K combines the purchase and repair funds, but you still need to have 3.5% down payment and money for the closing costs.Any time you purchase a property from a motivated seller, you can take advantage of that opportunity to purchase it for less than market value, which is why distressed properties are popular with investors.
1 February 2017 | 3 replies
It seems the popular thing to do is get a DP1 policy that covers any loan and if the house burns down, have it pay off the loan and walk away (at least that's the way my Indiana agent framed it).
28 June 2019 | 5 replies
Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.
1 February 2017 | 9 replies
I have never been to New Hampshire but it was one of the original states and has some old houses and some are popular.
31 January 2017 | 4 replies
., the very popular Westside, minutes from Buckhead and Midtown, walking distance to some awesome restaurants - in short, I think it'd make a great short-term rental like an Airbnb.
6 February 2017 | 10 replies
The tooling and know-how is not cheap, which is why we don't touch drywall unless it's an extremely small patch... and even then, I'd rather have my painter do it.
1 February 2017 | 2 replies
What I really want to know is how in MLS to search for absentee owners.... and any other useful tools and tricks you guys have figured out.http://www.prospector.metrolist.net/ is the portal I have been getting on...I would love to hear your insight!
1 February 2017 | 1 reply
I have a full time career operating a small business but I decided to get my license to learn more about real estate and to use as a tool to help me with my investments.
27 April 2017 | 34 replies
You can spends DAYS doing what would otherwise take a pro with the right tools just a few short hours.
1 February 2017 | 1 reply
Then renewal fees every year can be a burden but again at this point in one's REI career, the cost is outweighed by the opportunity.For a simple breakdown, here are the pros and consPros: MLS access, not reliant on someone else to see the MLS or to literally go view the property, ability to make money off of it, list your own deals..Cons: Fees (annual and upfront), continuing education of laws and regulation (i.e. time not spent on finding deals), always legally disclosing you're licensed, dealing with brokers taking a %Now, these aren't all the pros and cons but certainly some popular ones.