4 October 2024 | 26 replies
IMOSpeaking anecdotally here; I had 2 clients this time last year rent out SFR both in Northland, both in Staley HS district. one was a tighter sq foot 3 bed 2 bath traditional split.
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4 October 2024 | 11 replies
If you're thinking about other states, parts of the Southeast like Atlanta and Charlotte have also seen a lot of activity, with strong rental demand and growing populations.As for creative financing, I’ve seen investors use DSCR loans and Fix-and-Flip loans to get deals done without needing the traditional income verification.
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1 October 2024 | 0 replies
I'm new to BP and trying to build a team as I dive into more frequent and long-term profitable REI.I've been doing SFH rentals over the last 15-18 years, but it's all been very traditionally financed (ho hum, 30 yr fixed) and as such has limited my ability to invest more frequently, and grow a portfolio.I'm here to learn how to use more creative financing strategies (private money lending, Sub-to, seller financing) to acquire 2-3 units (duplexes, tri) and 5+ multifamily properties.
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1 October 2024 | 6 replies
I am being told that the reason they charge that much is because the rich people building vacation homes out there will pay any amount and don't care about the immediate loss of equity and they have more business than they can handle.
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1 October 2024 | 13 replies
SInce then it was all traditional purchases (SFH), and rentals.But for the last decade (!)
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4 October 2024 | 8 replies
In my experience, traditional banks will take 70% of LTR income but not any business income unless it’s shown income on tax returns for 2+ years.
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3 October 2024 | 17 replies
Hi Stephen,Sorry for your troubles but it seems like the provider came through in the end which is nice to see.And promising to cover rent for the delays caused shows character also.Being a turnkey provider myself since 2014, I can attest to that unfortunately many things sometimes aren't in our control.Especially when it comes to the citiy, contractors and pulling permits, etc...Our traditional promise is that the property will take 90 days to rehab and tenant.Have we gone over 90 days?
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7 October 2024 | 35 replies
Our average online rating is 3.5/5, which is 60% higher than the 2.2 star average of traditional property managers.Sometimes we need to make a tough decision in favor of one side of the landlord-renter transaction and at a negative impact to the other side (i.e. deducting security deposits).
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1 October 2024 | 6 replies
Seller financing can be a great way to sell a property while offering flexible terms and potentially earning a higher return than traditional investments.
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2 October 2024 | 6 replies
I’m in a traditional career now and would love to scale up investing in some real estate over the next several years.