What's up with all the low income, cheap property "deals"? "I bought a house for $30,000 and rent it out for $700! I'm going to make a great return!"You are completely neglecting future CAPEX. What happens when you ne...
Hello all. Looking for tips and/or advice. I'm not an investor as of now but looking to be in the future. Had a friend become a pretty successful investor (which is how I heard about this site.) years ago but I never...
Serious, yet simple questions: Question 1: If you found out your property management company had an average days on market of over 40 days would you immediately fire them and look elsewhere? Question 2: If you answere...
What is the downside to purchasing a multi unit (28 units) building (currently approx 90+% rented), if rates rise, and the economy slows? I heard on podcast 3 that the guest lost millions in the 2008 downturn. I am g...
Im looking to buy a property for short term rental in Kissimmee area. I was planning to fly in there soon, but due to covid my plans keep getting delayed. My realtor there told me some people out of country have bough...
Need advice. I received an offer on my primary residence. The buyer is asking that I carry 10% ($69k) for 5 years at 5%. The offer is a "lowball" offer and we both know that a more realistic sales price is $750k. (He ...
Bank of America just announced zero down payment, zero closing cost, and no minimum credit score mortgages for Black and Hispanic first-time homebuyers. https://www.bloomberg.com/news/articles/2022-08-30/bofa-tests-no...
Here is your scenario – Your financial standing is as follows:
$80,000 in cash savings$70,000 household salary (will be $100k+ in 3-5yrs)$20,000 debt (school, cc and medical)$0 assets You are married with no ...
See pics at the end! A lot of people have asked me to write about it and share some of the details. I hope this helps those of you that maybe run similar large groups, or those of you who just want to get more conf...