2 November 2020 | 7 replies
It also did allow me to scale up a little faster as I was able to start two more projects during this time due to my leveraged positioning.Here are the stats as of today from my Stessa portfolio tracker:My original goal was to refinance out of this property, but given how well it cash flowed and how long I had to pay back the credit cards, I ended up just keeping it free and clear in order to maintain a solid cash flow stream (it's currently the only property I own that is free and clear).In the next few years as the area continues to gentrify and appreciate, I may do a "BRRRR" on my own property (minus the B for Buy) using a renovation loan in order to raise the rental income to the next tier where it could support a refinance while producing similar (or better!)
3 November 2020 | 7 replies
Only assets makes it tougher because lenders want to see steady streams of recurring income to pay for loans rather than just a pot of money sitting there that can be (theoretically) depleted any time.
3 November 2020 | 25 replies
Again these would be higher quality homes in the 80-90k range that still need some light rehab so that I can then add value and refinance later.What I do like about buying a cheaper house with all cash is that I would potentially be able to pull out my money back fairly soon and re-use it, all without the hassle of a bank loan.Again, our goal is to acquire enough rentals to create a significant passive income stream.
3 November 2020 | 8 replies
Still better return than a regular rental but you don't have to deal with the constant guest interaction.
4 November 2020 | 3 replies
As you build relationships, constantly remind them you are in real estate.
5 November 2020 | 7 replies
Can someone please suggest best mortgage company with low interest rate.My credit score is >750 and I have a constant income with my IT job.
10 February 2021 | 13 replies
The main problem is all these streaming services are separate.
3 November 2020 | 2 replies
I frame the conversation after getting a little info as "Would you be at all interested doing seller financing so that YOU could reap the benefits of no realtor fees, spread out taxes and a steady income stream, or are you looking to get your equity up front?"
12 November 2020 | 9 replies
As I drill into my self constantly: if the numbers make sense they make sense.
6 November 2020 | 7 replies
It also has a constant supply of renters due to the bases nearby.