NefDouble check on the so-called savings with respect to the 'Agent Fee'. I stumbled on information that mentioned you truly don't or can't disregard this fee. It's somehow still part of the transaction. Maybe someone with more intimate knowledge can chime in and give a much more clearer description and if this is true or not. GLWS - And be careful with making an emotionally driven decision that may circle back to bite you. [ more ]
SteveMy recommendation would be to have it appraised and then sell it to either your friend or list it with a Realtor. If you sell it to your friend, which is totally your choice, they either have to come up with their own financing (like through a bank), or you would provide it, and there are other people that may help. No different than selling them your car. Either someone gives them the money to give to you, or they make payments to you. Also just because the Zestimate is a certain value does... [ more ]
Nef@American.Champion , It is great you are starting early in life. Time will be your best asset. Make a strong effort in educating yourself in real estate, never stop learning. Also become disciplined in the art of savings. Having 'skin' in the game with your hard cash goes a long way to build credibility which will allow more opportunities to be presented. Be great at analyzing deals quickly and as accurate as you can - whether it be a single/multi, a house hack or flipped home. Keep in mind... [ more ]
Riva951ieHello @American.Champion I would personally not be buying at this moment since it is a sellers market. I been holding off on buying since the prices are so high. I rather wait it out a while longer to get a better deal. I know we cannot time the market, BUT me personally, will take that risk and wait. For now, I am saving up more capital to give a bigger down payment to drop monthly payment. If you buy at a higher prices, your ROI will be lower. I have 3 properties in California. 1 in Norcal... [ more ]
GabePrivate lenders, hard money, transactional funding lenders usually don’t care about your credit score as much as they do the deal. If they do ask for a credit report, it’s to look over your credit history to verify your credit worthiness. Also, the interest will be steep, but still a good way to get funding fast. [ more ]
RPHi Nathan, I am keeping an eye on the market and would make a move if the numbers/scenario fit, but I'm also being patient. There are still decent properties on the market now but you need to be informed, know your numbers and know what works for you. Be patient, because it is a seller's market and you don't want to be in over your head and spend too much. Best to wait it out and keep your eye out for the right one. [ more ]
Riva951ieHello! I am currently waiting during these weird times. It seems to be more of a seller market, hence why I am holding off. During this time, I am focusing on paying off one rental property and also saving up to buy the 4th for me to live in when things cool down a bit. I know Jaspreet also has a video on his IG stating that he is also holding off. Just does not make sense to buy right now depending on your goals. For me, it does not make sense. [ more ]
Michael TreasHello All, My family was flipping before flipping was considered flipping so its something I’ve always wanted to do. I’ve heard many mention another housing market crash so I’m using this time to learn and study all I can so hopefully when the market prices go down I can make some good deals. -Michael [ more ]
NefGood luck to you and the wife Elliot. My wife and I are in the planning stages looking to see what we can do to get our first property. It's definitely going to be a rollercoaster of sorts, but hey we figured it would be such a great way to secure a better financial retirement while we have some time. [ more ]
Riva951ie@Nathan_Gregory So far my experience has been great on my end besides a few hick-ups, but its normal. Cant always be smooth. I have 3 properties. 2 in SoCal and 1 in NorCal. Its definitely easy passive income when things go great. When you find a great tenant, its awesome. Coming up with capital can be challenging depending on your financial situation. [ more ]
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