9 July 2024 | 22 replies
Most California courts favored and protected tenants.
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8 July 2024 | 18 replies
If your in a position to put 25% or more down on the purchase you can get very favorable terms on a investment product.
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12 July 2024 | 281 replies
Let them know that this type of favor could get them arrested.
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7 July 2024 | 12 replies
I don't think it compares favorably to just hiring out the job when something breaks.
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6 July 2024 | 2 replies
When I met them the offering was less favorable.
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8 July 2024 | 17 replies
So, if they want to go to court, they may well be coming out of pocket for not only the court costs but a judgement in YOUR favor.
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7 July 2024 | 30 replies
Rates and terms vary widely based on the relationship and agreement between the lender and borrower.Comparison:Interest Rates and Fees: Both can be high, but private money might offer more favorable terms if you have a good relationship with the lender.Approval and Flexibility: Private money can be more flexible and tailored to your needs, while hard money has standardized criteria.Source: Hard money comes from companies; private money comes from individuals.Your business partner’s model has worked well, but diversifying your financing sources is smart.
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6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
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10 July 2024 | 87 replies
They massivley lack transparancy throughout the entire process, they don't have a centralizzed real estate plattform like MLS, so you have to look everywhere, the system favors dual agency which brings a whole slew of issues and favors slimeball sales tactics, contracts are basically home made by attorneys so unbelievavbly rudimentary (like 2 pages, large print) and the process is increadibly messy!