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26 January 2025 | 2 replies
When the whole covid shutdown occurred, I dropped out of college to help my father's service business maintaining and remodeling residential and commercial buildings.
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30 January 2025 | 8 replies
Typically when people graduate they look for a job and move to the area of the job.
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28 January 2025 | 5 replies
No 1.75% funding fee so conventional loans typically have less closing costs.
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27 January 2025 | 3 replies
On the other hand, I’m hesitant to simply pay down more of a property, as we don’t need the immediate cash flow.Fortunately, both my wife’s job and mine are recession-proof, which allows us to be a bit more aggressive with our investments.I’d really appreciate advice from investors who have experience with frequent moves or military service.
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24 January 2025 | 1 reply
Anything under 4 is typically considered a seller's market, while 4 to 6 months of supply is typically considered a balanced market.There are over 100 major cities on this list - I wanted to see how Raleigh and Durham stacked up (and North Carolina overall).
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26 January 2025 | 14 replies
There were lease violations disrespecting the other neighbor's leased space and harassing the other neighbor and they smoked in the property against lease, lied about conversations, has made up stories about plumbing issues that plumbers couldn't find causes to, tried to get a dehumidifier and force me to pay, accused me on two different occasions very agressively in regards to the heat/electric service.
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28 January 2025 | 4 replies
We've worked with local banks and been able to finance the three we own without any issues.I don't necessarily know if it's "beginner" investor friendly but you'll learn everything you need in the bootcamp which is the gold standardWe get loans with 3-7 year balloons and 25 year amortization typically
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30 January 2025 | 6 replies
That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?
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8 January 2025 | 33 replies
The servicers have to send notices 15 days prior to the transfer, but the new servicer is required by law to honor any payments made to the old servicer for 60 days.
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14 January 2025 | 5 replies
These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.