9 December 2024 | 9 replies
Of course I was aware there was no curb and gutter at time of purchase and that there was an easement in place, and which hadn't been exercised since year the properties construction in year 1960.
8 December 2024 | 21 replies
Some approaches felt legally and ethically questionable, particularly for someone trying to transition quickly out of a 9-to-5 role.
7 December 2024 | 35 replies
With loan extension you might have to come up with extra payment to get DSCR in range lender will approve.That is why to go through this exercise NOW and if you know tenant wants 300k TI to extend and bank wants 300k to pay down estimated balance when new loan placed you need 600k to come up with.
7 December 2024 | 9 replies
Hope this exercise illustrates the fact the BRRRR and cash flow are not always indicators of success and far less time could have been invested to achieve a more favorable result by purchasing in Market A at the start.
6 December 2024 | 6 replies
I recently came across the idea of a "Resident Success Coordinator" role, and I think it makes a huge difference!
5 December 2024 | 5 replies
PMLs exist, there's zillions of them, real estate investors work with them every day and PMLs fill a need and have a role to play as a specific tools for a specific situation.See if you can put a sharper point on your question.Mike Thanks for this Mike!
5 December 2024 | 12 replies
Costs can be on the lower end if you use more standardized templates, while custom documents tailored to specific deals tend to fall on the higher end.Location can also play a role, with attorneys in larger cities often charging more.
5 December 2024 | 4 replies
Be strategic—don’t rush it, but plan for it.4.Understand Property Management's Role in Your Bigger Vision: For me, PM is a spoke in the wheel, not the whole business.
5 December 2024 | 4 replies
I'd also recommend making up a few situations that you might encounter and role play using the list of question you want to find out.
5 December 2024 | 5 replies
The tenant-buyer has time to fix their credit and save more money for a down payment during the option period, then exercises their option - fulfilling their desire for home ownership.