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10 January 2025 | 21 replies
Adding the rehab money is standard if the property needs repairs.
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8 January 2025 | 11 replies
This isn't always the case, but in general, I've found Section 8 homes tend to require more frequent minor repairs.
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5 January 2025 | 31 replies
Please DM me your email address and phone number if you would like to be included.
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8 January 2025 | 5 replies
This being said, I don't believe we'll be able to meet the income requirements to qualify for a conventional.This leads me to believe hard money or private lender is more the only option to get my foot in the door, use my business to make repairs at very good rates, build some equity then refi once the balloon is due.
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12 January 2025 | 6 replies
This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.
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1 February 2025 | 56 replies
During times of uncertainty, lenders stop lending, or they increase underwriting requirements, or the property hasn't gotten to the "repair & rehab phase" and isn't "lendable" and so on and the DOS is called.
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31 December 2024 | 32 replies
I've had a lot of large repairs in the past year that just kill the cash flow.
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6 January 2025 | 31 replies
If the age of your equipment is older, or it stops functioning, those repairs can also add up.
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16 January 2025 | 26 replies
The property manager should be involved before you buy any property to give input on due diligence, how to increase income and reduce expenses, and to make repairs or improvements to maximize occupancy.Excellent property management is critical to your success before, during, and when planning to sell or refinance.To your success!
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9 January 2025 | 4 replies
If we rent to own, they are OK, but we cant refinance because we don't have the deed.Are there any unique scenarios to help us get the property for little money out of pocket, we have the ability to have the deedSign a lease agreement with a purchase option that allows you to buy the property at an agreed price at the end of the lease term, consider establishing a partnership with the seller to jointly invest in property repairs and improvements.