10 December 2024 | 13 replies
There is a lot more competition than before.
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11 December 2024 | 5 replies
Most states allow you to enter with notice for a valid business reason, and checking the condition of a property that has been vacated is certainly a valid business reason.
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11 December 2024 | 15 replies
Save for some unusual complications, you seemingly met all the conditions for your tax benefits.Now, to traps and gotchas.Trap 1.
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11 December 2024 | 12 replies
Depends on really what you are looking for:-Speed - some HMLS can go "no appraisal" so can close very quickly and beat cash offers if you are in a competitive market to buy-Interest Rates - can range anywhere from around 8% to 13% (same with "points") but not usually as huge of a concern for flippers since the terms are so short-Leverage - depending on your risk appetite / capital - this is also a top concern for some (almost always over and above rates/fees) can see anywhere from around 80% LTC to even mid 90s LTC (including 100% of rehab budget)
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10 December 2024 | 12 replies
Make sure you're comfortable with the cap rates and the property’s condition before moving forward!
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12 December 2024 | 2 replies
Drama..... we pull off the property return it to existing conditions and the city allows me to install the cleanout on their property in the sidewalk area.
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7 December 2024 | 6 replies
Just know there’s a lot of competition, so you’ll need to stay consistent.
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5 December 2024 | 15 replies
If your PM is only on Zillow than you selected the wrong PM, they are classified as a BOOB...Shelter is a necessity of life and there for it will rent but it will often come down to price and/or condition.
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10 December 2024 | 5 replies
Research competition and determine their profitability and how much they spend on marketing, how many employees they need, and how much time the wholesaler needs to devote to the business.
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10 December 2024 | 3 replies
Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly