20 December 2024 | 4 replies
@Spencer DixonRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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20 December 2024 | 6 replies
Gradually raising rents, exploring lease buyouts, or selling with tenants in place are balanced alternatives.
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17 December 2024 | 1 reply
Diversifying your portfolio can provide stability and growth potential, especially if you explore different types of properties or geographic locations.
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23 December 2024 | 10 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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18 December 2024 | 9 replies
As others mentioned, a DSCR is worth exploring here.
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19 December 2024 | 15 replies
If you anticipate selling the property soon, it’s worth negotiating or shopping around for a lender with flexibility in prepayment penalties.Feel free to reach out if you'd like to explore tailored DSCR options that suit your goals.
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17 December 2024 | 16 replies
Structuring a 203(k) loan for your partnership involves some creative thinking, but it’s definitely worth exploring.
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21 December 2024 | 14 replies
As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.
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19 December 2024 | 5 replies
It’s worth having a Plan B for unexpected shortfalls if you can, like setting aside reserves.From what I’ve seen, markets like San Diego, Chicago, or Austin also offer creative financing opportunities you can explore further.
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20 December 2024 | 19 replies
You can always get MLS data many places.You be the investor, let the realtors do their jobs.