12 November 2020 | 77 replies
I am constantly looking on redfin and when I see properties that are flips or fixer uppers, I ALWAYS look to see the agent that bought and/or sold the home.
23 November 2020 | 17 replies
As a (now retired) managing partner of nationally recognized consultancy in the manufactured housing industry I cannot tell you how many people we have worked to save from ruin who got into our industry in the late 80s or the 1990s when it was fairly easy who were on the rocks after 2000.Owning manufactured housing communities is extremely lucrative for those who know what they are doing and are willing to work very long hours to make it happen, but even for those who have the knowledge and expertise, it isn't easy and the need to constantly learn new information is constant.
7 November 2020 | 10 replies
If both are owned by the LLC, the long term rental is effectively being constantly exposed to the risk of the flip.That's my really short attempt to explain in written words.
2 November 2020 | 7 replies
What makes that worse is that both of these industries are hugely challenged over the long term and real estate is generally a long term investment.There is a constant oversupply of oil and it's not only because of Covid.
21 January 2021 | 5 replies
I’ve been doing constant research on that market but here is something I’m now concerned about and would like to hear from you guys.Winter in Indianapolis.
6 November 2020 | 1 reply
(Use case is - while i am away and I could not talk to sellers or after my initial conversation - this CRM tool sends constant communication on my behalf).Thanks for your help in advance.
1 November 2020 | 4 replies
I think its a great way to add an additional income stream.
3 November 2020 | 22 replies
With a sale, being overpriced and time on market is a damaging thing but with rentals, it's a constant stream of potential tenants and the past price history doesn't seem to be a factor.
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.