30 May 2018 | 3 replies
@Akeem Wheatley The subject has been beat to death on BP.https://www.biggerpockets.com/forums/519/topics/24...It boils down to this...If you can put your money into an asset growing at 6-8% and you can get an immediate line of credit against that asset at 4.5% (prime), then anything you can do with that borrowed money that earns more than 4.5% will be adding value on top of the original asset.
7 June 2018 | 8 replies
I helped them with their problem by buying the houses Subject To and with Wraps, giving the seller cash for their equity, fixing the property up and selling the house.
25 May 2018 | 11 replies
When a s/f is vacant- all expenses come out of pocket but with a m/f- if one unit is vacant-then the other units tent covers expenses while you look for a tenant.
24 May 2018 | 6 replies
You need enough cash to cover the down payment and closing costs plus reserve funds.
7 June 2018 | 25 replies
If the property does not sell for enough to cover the taxes you can lose money.
12 June 2018 | 16 replies
Keep learning and take a deeper dive on subject that resonates with you. :)
31 May 2018 | 9 replies
There are many topics posted on this subject.
9 July 2020 | 11 replies
Could be more if they need more fees to cover their operating cmexpwnse.
28 May 2018 | 2 replies
Be prepared to cover Vacancies while you are transitioning rent rates.
24 May 2018 | 3 replies
We receive payments in Crypto, cover expenses using Crypto, etcI have a chunk I want to diversify into real estate.