The "due on sale" clause scares the crap out of me. In my mind, I have eliminated seller financing as a strategy... yet investors are still doing it (or at least talking about doing it). Am I missing something? Is there a way to mitigate that risk?
@neerajchaudhary1821
4 ай бұрын
David, you are rock-solid bro. Rob too, but I really connected with Rob's views.
@winniethepoohandeeyore2
4 ай бұрын
Over 4 is considered commercial property. At least 20% down is required. Seller financing is also hard to find.
@SuperSaiyanATX
4 ай бұрын
I thought STR was banned in Hawaii unless you’re grandfathered in?
@stephaniepatterson3966
4 ай бұрын
It depends on which island. Most are strict on and have specific areas where STRs are allowed.
@SuperSaiyanATX
4 ай бұрын
@@stephaniepatterson3966 ok. When I checked Oahu and the big island it was a no go.
@mashuhurimfundishi5826
4 ай бұрын
Is it better to buy the land then build, or do land and build in an all in one? What are the benefits? Thanks!
@poonekar
4 ай бұрын
House Brrrracking
@ZKolioupoulos08
4 ай бұрын
The common theme in society today!!!! (And for far too long) buying too much house just bc you qualify for that amount!👎🏽🥴🤨
@brady_morgan
4 ай бұрын
New construction is a big ask for new investors, but it is true that this can be a way to get a good deal without having to find a resale, if you GC the build yourself to save on the GC fee. I am planning on starting a channel soon to help investors learn how to GC a build. I believe that if more people are able to GC home builds, it will help alleviate the shortage of new construction in the long run. Problem is, there is a lot that someone needs to know before they become a GC, and not a lot of resources for that education outside of actually working in the industry for many years.
@JulianBurke
4 ай бұрын
Sounds awesome - I just subscribed in anticipation
@tylerbrobst2716
4 ай бұрын
I love bigger pockets but there are only a few episodes on new construction. Makes me wonder if my strategy is not realistic. I plan on refinancing a duplex I have been working on when its complete and stripping 80% of the equity out of it. Ill only have approximately 200,000 invested into it but will be worth 300,000 (In midwest). Still 80% equity will be 240,000 that I will then put in a 4plex. Repeat, multiply
@brady_morgan
4 ай бұрын
@@tylerbrobst2716 We are basically doing the same thing. Assuming your numbers are accurate, it makes sense to me. I think a lot of people are intimidated by the idea of new construction and probably feel it is a good way to get ripped off on a house, but I think that mostly comes from a lack of knowledge. I am hoping to help with that at least a little bit.
@JevonMusicGroup
4 ай бұрын
I'm in the process of finding a BRRRRimary residence... but also a live-in flip. Can you give that a name?
@THENURSEBUDGETS
4 ай бұрын
A Nurse here & is true, I’m all about working in the north [where we get paid more hourly]and investing in the South, where the houses are cheaper. I’m saving for a second house,I want to have an 6 months Emergency funds for reserve, & My focus is mid term rentals. how much money should I put down ?
@sergiolauramaldonado3098
4 ай бұрын
Great insights as always!!
@damonaniton
4 ай бұрын
i am kind of glad you guys said this. is a level of negative monthly cashflow the ideal situation, no. but as you kind of pointed out. if a person actually has a large amount of disposable income it is not the worse scenario, considering you are still getting principle paydown. and there is room for some level of appreciation.
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