I understand the first half of this strategy... By buying a property in cash, it gives someone the upper-hand in negotiations vs someone using conventional financing. Then when the deal is done, refinance the property...
Redeveloped a mobile home park into duplexes. Tried to get the college students down the street but the market wasn't strong enough for the students (small population). Built them too big (bc I wanted the students).
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I really want to analyze properties. I use to set a goal to search for at least one property a day. It has gotten to the point where I want to run the numbers and understand them. I get lost at times when people go de...
“What the mind can conceive and believe, and the heart desire, you can achieve.” - Norman Vincent Peale
Today marks a monumental step in my real estate “side hustle”. After years of focus, dreaming, planning and exe...
Hey everyone! So I was traveling out to a few different areas and the radio ads for 1% listings were out of the world. We have Redfin doing that around Chicago-land, but I don't feel like it's as predominate here as i...
I was hoping I could get some help on some assumptions I am building into my rental property spreadsheet. For financing I have the following:Financing Fees - Trying to figure out what is a good assumption for this. X%...
Investment Info:
buy & hold investment.
Purchase price: $185,000
Cash invested: $45,870
First duplex purchased, ranch style with positive cash flow from the start- even during rehab.
W...
Texas unemployment claims fall again — and Austin is a national leader for resiliency of job market
No. of local jobs down 1.9% from last year — which is as good as it gets in the U.S.
The Austin metro added 17,...
Just a heads up that an updated standard loan application form 1003 will be mandatory starting March 1st. I'm applying for lending on a couple properties and my lender told me that the new form will be much longer (li...
I was using the BP Rental Property Calculator this evening to analyze some deals in my local area. I thought the tool was extremely useful, I did not see any place where holding costs could be factored in. Perhaps I...