Yesterday (7/31) I closed on a $1.3M, 20 unit apartment deal that's going to net me a passive, positive cashflow of $3,000/month. This is after ALL expenses (PITI, PM fees, repairs, vacancy, capex fund, etc). My perso...
I’ll start. I’m 38 and I own 0 properties. I am reading all I can on REI with the goal to buy my first property within the next year. I’d love to be inspired by some of you and your journey. I’d like to know your ...
I am looking to obtain financing for a fix and flip property in NJ and would appreciate any recommendations. I purchased the property for cash as well as about 75% of the rehab. We have about 2 weeks to go before th...
Situation: I purchased my first flip 2 weeks ago in the (Houston) Spring, Texas area. The numbers are below. I need some advice. Would you Flip or Hold in order to rent it out? (I used a hard money lender so I'd defi...
I recently signed a contract to purchase 3,200 sq. ft. duplex. In order to stay within budget I intend to paint the property myself. Given the size, I will be using a Milwaukee Airless Paint Sprayer ($249 at Home ...
Overcoming the mindset of paying down mortgages is a dilemma for me. Considering the low interest rates I am going to refinance a couple of my SFH rentals and my primary residence. It makes financial sense to me to ...
Has anybody used a IBC, CFB, or BOY policy to purchase real estate and use the returns to pay back the policy at higher interest rates than the policy charges? If so, what are the pros and cons? What are your thoughts...
I bought a short sale for 315 in a 500k area, the home has not been painted before, the home should be painted but I want to keep the entire budget for the flip below 10k. I don't want to buy cheap paint but I don't w...
I have a rental I am currently rehabbing and have a paint contractor about to start. This house hasn't been painted in 30 plus years and his plan was to power wash and scrap what's flaking off, but leave some "alligat...
There are so many people and companies out there who claim to be wholesalers and many more newbies who claim to want to start out in wholesaling as a means to get started in the biz.
Let me tell you about a recent ex...