I believe I put in a stack
Real Estate Investing/Development
- Thread starter NeilCartwright
- Start date
These guys have great interviews with other real estate investors
Best Real Estate Investing Advice Ever Show | Real Estate Podcast
Rod Khleif
Best Real Estate Investing Advice Ever Show | Real Estate Podcast
Rod Khleif
I listen to their podcasts when I can. It's like Joe puts out a new one almost everyday. Khleif got a black wife.
Sunalmighty
Superstar
as an alternative, what about richuncles? only 5 dollars to get invested Investor Junkie Is Not Available In Your Country - Investor Junkie
Secure Da Bag
Veteran
Secure Da Bag
Veteran
How much do you have to invest for dividends from REITs to be "decent" (100 or so per quarter)?
Amerikan Melanin
Veteran
Any more info? Any experiences?
GollyImGully
Keep your five mics nikka, give me the 'caine
For someone who does not want to use their own cash or does not have enough liquid to purchase a flip and put money into the rehab - is getting a hard money loan or a loan from a private money lender the only option? which makes more sense? anyone with any experience there?
I been researching and I rather use OPM than my own. The idea (and im assuming this is what most people do) is this...
1. Purchase property that needs work for a lower price than other comps in the area (let say 100k)
2. Get a hard money loan to cover the cost of the property plus the rehab cost (120k for example)
3. Fix up the property and then refinance
4. At this point you can either sell and take profit (refinanced for lets say $150k you would then take home $30k) or hold the property and get tenants and pay off the loan from the rent coming in
Anyone with any insight?
I been researching and I rather use OPM than my own. The idea (and im assuming this is what most people do) is this...
1. Purchase property that needs work for a lower price than other comps in the area (let say 100k)
2. Get a hard money loan to cover the cost of the property plus the rehab cost (120k for example)
3. Fix up the property and then refinance
4. At this point you can either sell and take profit (refinanced for lets say $150k you would then take home $30k) or hold the property and get tenants and pay off the loan from the rent coming in
Anyone with any insight?
Amerikan Melanin
Veteran
it’s called the BRRRR method.
buy renovate rent refi repeat
easiest way to build your portfolio
Mufasa Ahadi
Veteran
Bout to go the 2 multi family route.
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bout to go multifamily as well
From my understanding you can house hack and live in one half of a duplex and only do 3.5% down. The house we own now we can probably rent and make at least 500-600 per month as well
Mufasa Ahadi
Veteran
Same. I was about to do the condo + multi route, but buying 2 multi’s is the better option. Unless the condo is a good flip.
Yeah we got 200 - 300k equity in our current home so doing a multi at a time seems like the best
I'm just worried about getting renters in quickly if I got multiple multis
Mufasa Ahadi
Veteran
Nice. I think if the renters are on some sort of section 8 or rental assistance you will always receive guaranteed money.