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19 December 2024 | 13 replies
I generally rule out most single family homes as viable rentals, as prices are pretty high relative to rents, so aside from some downtown neighborhoods, typically you do not find large areas of single family rental neighborhoods (a median sale price on a 3 bed, 2 bath home so far this year in Dane County on MLS sales data is at $430k).
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16 December 2024 | 12 replies
The ideal home price for you will depend on: 1) downpayment size 2) risk appetite, 3) preference for more cash flow or appreciation.Given our price points, our investors need to have 35-45K to start, on average.The typical cash-on-cash return on our properties net of loan payments, insurance, taxes, and property management fees is 6-8%.Ultimately, you can obtain financing from any lender, although we have partner lenders that can provide very competitive rates.
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15 December 2024 | 2 replies
I am just looking for insight from local MA realtors, attorneys or landlords regarding what my typical monthly expenses (if any) will likely be (I don’t mean one-off expenses like roof repairs).
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16 December 2024 | 3 replies
Typically it's 70-80% range.
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20 December 2024 | 14 replies
What is the typical loan term?
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23 December 2024 | 34 replies
This typically results in improved cash flow with time.
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13 December 2024 | 3 replies
I need something simple that I could utilize today.Thanks you will not be able to get something today. in order to pull credit typically you must have a background check done on you and the company will also come visit your office and confirm you have specific security policies and procedures in place.
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14 December 2024 | 2 replies
For a partnership where you're providing all labor and the broker is funding the deal, a fair split typically ranges from 30-50% for you and 50-70% for the broker, depending on the value and complexity of your labor versus the financial risk they're taking.
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14 January 2025 | 329 replies
How long do eviction filings with the court typically take?
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15 December 2024 | 6 replies
For costs, you’ll typically need to budget for title insurance (usually around 0.5%-1% of the purchase price), attorney fees (varies but can range from $500-$2,000 depending on the complexity), and closing costs (might include recording fees, escrow fees, and other admin costs—generally $500-$2,000).