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9 May 2019 | 12 replies
I'm basically going this route because it makes the most sense, as opposed to waiting several years, at which point I could have already flipped dozens of homes and acquired tons of rentals as well.Just the best way I've found to get the ball rolling immediately and not get stuck in a fear-based mindset.
11 May 2019 | 15 replies
If your down payment is less than 20%, you have to pay CMHC insurance which is rolled into the payments, but isn't cheap.
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14 May 2019 | 53 replies
If you roll over and just cut a check, they can still come at you unless you get a final, global settlement.
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5 May 2019 | 14 replies
I didn't want to give my social security number out, I didn't want my name on their rent roll, I didn't want to show my 1040's to them, I didn't want them pulling my credit history and I didn't want them reporting my address to the credit bureaus.If someone approaches me with an offer to pay for a year in advance, I would consider it as long as they explain to me their reasoning and they agree to let me run a criminal background check.
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4 May 2019 | 0 replies
Return on equity on this property is not super great and I am debating either utilizing the equity with a HELOC to help flip houses or sell it and roll profits into a higher producing asset.
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4 May 2019 | 0 replies
Ultimately I sold this and rolled the proceeds into a 4 Plex in Moorhead, MN.
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9 May 2019 | 2 replies
I'm more than happy to add value however I can in exchange for someone sharing their knowledge; whether that be rolling up my sleeves and doing work on properties or bringing deals!
21 May 2019 | 7 replies
My company currently manage 1505 units and the last couple months have seeing 12 vacancies across the portfolio as a rolling average.There is no reason not to jump right in especially with interest rates holding and likely to increase, but make sure you have your financing in order to write quickly after things hit the market.
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7 May 2019 | 8 replies
@Steve Hall in rolling this over in my head, I've got one sticking point with your suggestion.
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15 May 2019 | 18 replies
They're shooting to roll out their first electric car from the new plant (the first of their electric car plants in North America) by 2022. https://www.tennessean.com/story/money/2019/01/14/volkswagen-electric-car-chattanooga-plant/2565780002/