Private Money Loans Private money loans are generally asset-based loans secured by real estate. Private money loans are basically loans from people you know or that you have been referred to. For example, your friends, family, co-workers, or acquaintances. The difference between hard money and private money lenders is that you are dealing directly with…
In my previous post within the Getting Started in Real Estate Series, I discussed traditional or conventional real estate financing strategies. However, what happens when you do not meet the qualifications to get a loan from a traditional lender? Given that our experience is with rentals, I will stick to buy-and-hold loan products. First, let’s…
Is buying a house with negative equity a bad idea? Let’s see Skyline aka Flea House is one of my favorite properties. (I know, I say this every time). We bought this property in April 2021 right after Magnolia & Cottage House. We borrowed more than we needed so we had extra cash available. We…
So you’ve found the perfect investment property, now what?! This is where a lot of investors or aspiring investors get stuck. “I want to invest in real estate, but I don’t have any money” or ” I don’t have good credit” or “I don’t know how to deal with all that bank paperwork” are among…
This is probably one of my favorite houses and not because it’s a killer deal, but because it’s just a great house and we have a good Section 8 tenant. The Deal Purchased as part of a 3-house package that we bought as my 30th birthday gift (I wanted 10 units by 30). We closed…
We bought the Cottage house just a few days after Magnolia Fourplex. This was investment no.2 in Macon, Georgia. This property caught our attention because it was built in 2008 which is rare in Macon. The listing price was $59,000. When we initially inquired about it, it was rented for $850. If we are going…
BRRRR (BUY, REHAB, RENT, REFINANCE, AND REPEAT) This is Blog Post 6 of The Getting Started in Real Estate Series. Today’s topic is the BRRRR strategy. BRRRR is one of the favorite real estate investing strategies among the real estate investing community and you will see why below. So, what is BRRRR? The basics: You…
In my blog post, How to Analyze Rental Property Investments, I promised a demo of my favorite real estate analysis app, Deal Check. So, here it is! In my demo, I assume that you already read the other blog posts in the Getting Started in Real Estate Series. If the 1% rule or cash-on-cash return…
INVESTMENT STRATEGIES | Flipping | Live-In Flip | House Hacking | Turnkey Rentals | BRRRR | Welcome to the fourth blog post of the Real Estate Investment Series! In this post, we will discuss five of my favorite real estate investment strategies. There are many options when it comes to real estate investing, so how…