24 September 2021 | 12 replies
Going this route will require you to get a construction loan and take on the financial risk.
1 October 2021 | 11 replies
I am not big on regular office as there is no STICKINESS as a I call it with a tenant.
22 September 2021 | 7 replies
Maybe some people have some success with this route too?
3 October 2021 | 8 replies
@Tyler Smerz - If you can qualify for a conventional loan and can afford the extra 1.5% down payment, I'd recommend going that route over FHA so that you can save yourself some money on the Mortgage insurance cost.
22 September 2021 | 7 replies
Do most use regular banks or other lenders.
23 September 2021 | 15 replies
In David Greene's BRRRR book, he suggested that it is better to wait and save up for a BRRRR as opposed to the speedier route and just doing a conventional loan on a SFH.Would you guys advise on saving up 100k on a BRRRR with a chance to repeat and get the reps of REI much more frequently, or use 50k on a SFH because it's less complicated and can be a good intro into REI?
23 September 2021 | 5 replies
I do worry about 'regular' Oklahomans.
7 October 2021 | 4 replies
I know several people (including myself) that go the 4 bed (or convert a 3 bed to a 4) sfr route and rent the rooms for $500+/mo and it works out a little easier!
8 October 2021 | 1 reply
Love to hear your experience here if you did end up going down this route, or any others who looked into it.What I will say is that guests greatly appreciate the ability to play their own music, turn lights and temperature on/off, and a variety of other custom features that I have built into the property for their convenience. I’ve also implemented custom signage to allow folks a short list of things that they can ask Alexa to do, which is critically important to clarify understanding and usage.
22 September 2021 | 0 replies
The problem(s): My real estate attorney looked at the contract and basically said that this is cover your *** contract.To do or not to do: pros: The property will be managed by a company as its out of state; secondly, its a good property area, up and coming area; I am only paying earnest payment as of nowcons: not going to be ready as per the builder till next year; CYA contract by the builder.Please advise on what is the best route for me here.