A real-estate investor who's built a 311-unit portfolio over the last 26 years lays out how new investors can scale up and maximize cash flow in today's market as strategies like home-flipping and BRRRR become riskier
In such an environment, it's difficult to know months down the line what a home will appraise for, she said.
"You have to be able to refinance out. If the market is trending downward, you don't know if you're going to get a higher appraisal than what you bought it for," Curry told Insider. recently gave a similar assessment in an interview with Insider, saying that betting on appreciation in the current market is risky, and that a buy-and-hold approach is more viable.
"For us to get a situation again where our home equity did what it did, we would have to come back into a world where interest rates went back down into the threes," Olsen said. "Expecting that is expecting another black swan event. You know, long run mortgage rates are expected to be around five-and-a-half, six.
Curry said using this strategy allows new investors to get into a home with a smaller down payment, because down payments for properties that are owner-occupied are typically smaller than those for investment properties, which can be 20-25%, she said. The buyer usually has to live in the property for at least a year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Top 10 books for real estate investing, business, personal developmentA real estate investor who owns 12 units shares the 10 business, investing, and personal development books that helped him build a $2.7 million portfolio in just 4 years
Leer más »
Report: Thomas sold real estate to donor, didn't report dealFederal officials, including Supreme Court justices, are required to disclose the details of most real estate transactions with a value over $1,000.
Leer más »
Report: Thomas sold real estate to donor, didn't report dealConservative mega-donor Harlan Crow purchased three properties belonging to Supreme Court Justice Clarence Thomas and his family, in a transaction worth more than $100,000 that Thomas never reported, according to the non-profit investigative journalism organization ProPublica. The 2014 real estate deal shines a new light on Thomas's decades old relationship with Crow, a real estate magnate and longtime financier for conservative causes. ProPublica previously revealed that Thomas and his wife Ginni were gifted with hundreds of thousands of dollars worth of annual vacations and trips by Crow for decades — including international cruises on his mega-yacht, private jet flights and stays at Crow's invitation-only resort in the Adirondacks.
Leer más »
Missing funding, real estate competition are slowing NY’s weed rollout, insiders sayThe state created the CAURD program to prioritize dispensary licenses for people with past marijuana convictions and business experience. New York has awarded 165 CAURD licenses to date. Only 7 have opened dispensaries statewide since December.
Leer más »
Senators call for probe of Thomas amid report of real estate deals with GOP donorDemocratic lawmakers are calling for an investigation into Supreme Court Justice Clarence Thomas after ProPublica revealed Thursday that he had failed to report real estate deals made with Harlan Crow.
Leer más »
Clarence Thomas sold real estate to donor but didn't report deal, report saysConservative billionaire donor Harlan Crow bought three properties belonging to Supreme Court Justice Clarence Thomas and his family, in a land deal worth more than $100,000 that Thomas never reported, a new report says.
Leer más »