Hello everyone, I'm a new investor buying in Birmingham, AL and I'm trying to get my financing sorted out before I buy any SFRs using the BRRRR strategy. I had a great conversation with a knowledgeable mortgage banker...
So I recently purchased another rental property (3bed, 2bth, built 2003, ~1300sqft). I purchased it for cash for $68K (tenant occupied, will get to this later). I put about ~$3k into the rehab and about 2-3 weeks star...
I just got through creating a wealth building strategy for myself and now want to see if there are any problems with it.1. Save $1,000 as an emergency fund in a money market account.2. Pay off all my debts excluding m...
Hi All!My family is looking to get into rental properties. This single family property is listed in the Houston area with the following message to prospective buyers: PLEASE READ EVERYTHING FIRST BEFORE REACHING OUT: ...
What is the advantages and disadvantages for BRRRR?
Two years ago, I was brand new to real estate and transferred my IRA to a self-directed IRA. I was introduced to a company called Growth Equity Group that specialized in turnkey rentals for folks like me who had IRA ...
Our tenants pay rent with cash. Some send money orders, some deposit cash in our account, but a majority used PayNearMe to pay at family dollar locations. Now the Family Dollar in our area will no longer accept PayN...
Along with creating an LLC entity and creating a "Certificate of Organization", you need to have an "Operating Agreement".Attached below is a redacted copy. Virtually anything can be written in to this agreement. Wh...
I have long had 4 financed properties so I have been paying 25% down plus closing costs for each new investment. I takes time for me to scrape together that kind of money for my buy and hold investment style. Whe...