Chad Burkett
Educate for how long before jumping in on the first property?
13 June 2020 | 5 replies
That was probably the biggest learning curve for me was figuring out exactly how much rehabbing costs.
Debashish Majumder
First Fix-n-flip became a profitable rental
3 June 2020 | 0 replies
Read up on flipping, made a detailed list of what needed to be done and the biggest place I added value was ACCURATELY predicting the rehab costs.
Rajneesh Jha
Any luck with the refinance applications
1 July 2020 | 14 replies
If you can't get a response, I'd find another broker, he may be too busy and wants to hold on as long as he can.In general, lenders are getting tougher on underwriting since low rates don't leave much room for margin of error, so want monthly updates on I&E during the process, maybe larger reserves also.Right now in OR, my biggest issue is with appraisers. 3 years ago when banks wanted apt debt, I thought they overpriced stuff, now they're going in the opposite direction.
Ryan Copeland
Investing Newbie Advice (Columbia, SC)
7 June 2020 | 4 replies
I've been looking on Zillow and Realtor.com a lot just looking at properties and leanring.The biggest thing I've learned thus far is to "buy right"!
Michael DeRienzo
First time investor. 30k. What to do?
10 June 2020 | 9 replies
@Michael DeRienzo the biggest challenge with a flip is the buy and renovate costs.
Drew Lamb
Regrets or anything different after using 401(k) for purchase?
11 June 2020 | 8 replies
The biggest critique I feel like I’ve heard is that you’re using after tax dollars to repay pre tax dollars.I felt fine doing that- accessing money now rather than 3 decades later, and the interest charge goes to me.In my perspective, it’s another line to access capital.
Renata Johnson
Newbie from Atlanta area
8 June 2020 | 9 replies
My biggest hurdle is funding right now but with enough practice, I'll jump over.
Chris Gomes
Getting started with a BRRRR with 40k in student loans
6 June 2020 | 3 replies
The biggest thing I can say is look at all the possible earning scenarios for the property and decide if it fits what you want and can afford.
Christopher Forero
Pulled trigger - Under Contract on 2 Flat w/ Finished Basement
11 August 2020 | 5 replies
The quality of your tenants are what will have the biggest impact on your happiness.
Cody Smith
Invest now with debt, or invest later debt free?
10 June 2020 | 79 replies
I think the biggest piece of the puzzle is to identify which category you fall in.