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22 January 2025 | 13 replies
We like self-storage because even if there is a recession, and people downsize, those people will have a need for self-storage, as evidenced by storage occupancy rates during past recessions.
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20 January 2025 | 7 replies
If they have a good interest rate it might be worth looking to see if you could assume their loan to take advantage of the lower rate.
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27 January 2025 | 5 replies
Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).
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26 January 2025 | 4 replies
You have to put more money down and pay a higher interest rate and is limited to only 2% IPC.
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8 February 2025 | 29 replies
Our area has a good selection of hard money lenders, and every now and then, you might find an owner willing to carry the loan, often at attractive rates.
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27 January 2025 | 35 replies
Finding deals at good discounts is often easy.
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21 January 2025 | 20 replies
One difference was to have two properties appreciating (though at very different rates as they were in different areas) instead of 1.
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30 January 2025 | 32 replies
I've been looking at a lot of smaller towns around Cleveland, Ohio and have noticed there are a lot of seemingly decent cash flow properties, but more around the 1.5-1.8% rate.
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18 February 2025 | 25 replies
But, there is no coaching or mentorship fee, simply analyzing every property simultaneously and ranking by cap rate.
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29 January 2025 | 8 replies
If you house hack a single family residence by renting out a room or two then you would have no property tax but if you buy a duplex you might have to pro-rate the property tax.