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2 December 2024 | 4 replies
They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.
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10 December 2024 | 36 replies
However, this wouldn’t typically happen directly because of the appraisal issues themselves, unless factors like low market rents or a lower-than-expected appraised value shifted your loan into a different pricing tier.
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29 November 2024 | 27 replies
I’m not trying to rain on anything here but the reality is that measuring Btus delivered to individual units via airflow is by its very nature imprecise - if you want to know why, read on...The size and length of the ductwork is but one factor ( of many) that will yield energy losses while that warm air is being moved to your units.
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1 December 2024 | 31 replies
There are some turnkey providers that are vertically integrated that might be of interest to you if you want to invest passively.
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3 December 2024 | 22 replies
That's a factor to consider if you have children and want them to be in a good school district.
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1 December 2024 | 6 replies
Again several factors at play but just providing information based on your criteria.
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1 December 2024 | 9 replies
When you say the agent is not "running the comps correctly," what specific factors might they be overlooking that I should pay attention to?
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3 December 2024 | 10 replies
Pay attention to whether the room is a primary suite (your own bathroom) or shared bathroom, how many roommates, etc. as those would factor in to how much someone would be willing to pay.
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27 November 2024 | 48 replies
When it comes to choosing between a turnkey property and a fixer-upper using the BRRRR strategy, it really depends on various factors, including your market conditions and where you are in your investing journey.
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26 November 2024 | 5 replies
The processor keeps making mistakes with the wire with spelling errors etc and now they say the two software systems Bank and investment company cannot integrate.