26 October 2018 | 2 replies
I will be working a job, so I plan on reinvesting everything back into acquiring more properties.My question might come across as vague, but that is because I have been spinning my wheels & am not sure what direction to go.I currently have only 15k, just got married, & need a place to live.
29 October 2018 | 8 replies
Worst because looking back it just isn’t as good as what I’m doing now (as I know more)But it’s my best as I learned a priceless amount about multifamily from jumping in.
31 October 2018 | 11 replies
i want to end up in multi family homes in the long run, but i have no money down, no money for vacancy,repairs,rehab, etc.. my idea was to start with a single family home(easier) with good equity, live in it. but fix it up a little & house hack to pay my mortgage. then a year or two down the road pull out the equity or even sell and purchase a multi family home that way ill have more money to back me up. how does that sound as a first investment?
29 October 2018 | 14 replies
On the first purchase we made, they took a lot of section 8 tenants to inflate the rents and we ultimately decided some of those tenants were destroying the property so we lowered the rent to attract the right tenants and once we had the bad ones out, we slowly moved the rents back up.
8 March 2021 | 13 replies
I actually have a friend who moved out of his first house (that still currently has a mortgage backed by a VA Loan), and was able to use the VA Loan for a 2nd time to built out another house.
26 October 2018 | 1 reply
Some out of the state flippers do not renovate they immediately put it back on the market with trash out done.
29 October 2018 | 4 replies
Also most subcontractors dislike multiple small trips for work so they will upcharge you for everytime they have to come back.
27 October 2018 | 10 replies
Here's my dilemma - Looking strictly at cash on cash, it's quite low, and it'll take 10 years to get my money back.
29 October 2018 | 4 replies
Got property back needing about 25k of work to sell.
28 October 2018 | 7 replies
Also, tenants never care for things in a rental...so your new cabinets will soon have lots of wear and tear on them and you're back to square one.