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20 November 2024 | 27 replies
With the rise of digital real estate, there are now many more options available that make it easier than ever before for potential tenants and landlords to find each other.
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15 November 2024 | 1 reply
I'm chez, and I've been lurking on BiggerPockets for a while now, soaking up all the incredible knowledge here.
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20 November 2024 | 22 replies
Join off-market Facebook groups and local RE investor FB groups to get more local information about potential off-market properties, and find investor-friendly RE agents who are willing to work with you.I would recommend for a first deal at least to get something closer to home, easier to get back and forth to for your own sanity, ability to check on either construction or tenants, address repair and maintenance issues.
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18 November 2024 | 16 replies
@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them.
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19 November 2024 | 6 replies
They appreciate it and the less I turn a unit the easier it is to run it.
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21 November 2024 | 39 replies
Nobody is going to come for your $200k duplex with a loan - it is so much easier to target your insurance.First of all, don't give people a reason to sue you!
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13 November 2024 | 18 replies
For turnkey, it's easier to do when remote but verify your numbers before buying.
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18 November 2024 | 17 replies
Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.
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20 November 2024 | 19 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
15 November 2024 | 5 replies
In the meantime, I've come to realise the PM is incredibly incompetent and unreliable, and have found a new one.