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14 November 2024 | 21 replies
We've had it happen before, nothing major, but just some extra money we weren't originally planning on spending to turn a unit.
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11 November 2024 | 5 replies
Are there any good outlines or templates for an introduction letter to the tenants, or any major points I should make sure I put in my letter?
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11 November 2024 | 1 reply
However, years of financial struggles and competition from major players like Walmart, Target, and Amazon contributed to its decline.Following the closure of the Hamptons location, Kmart will have just one downsized store in Miami, Florida.
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14 November 2024 | 13 replies
Appreciate all your feedback.The vast, vast majority of properties in Baltimore city, especially city properties cost more to rehab than they are worth, effectively totaling the properties, it’s great that you want to help fix up Baltimore but you’d be better spent working with habitat for humanity or something as opposed to flipping in Baltimore, especially in the cheapest areas.
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15 November 2024 | 17 replies
Right now she has a Occupational Therapist in the downstairs (1/1) and an elderly couple who had a major flood and insurance is paying for it.In Atlanta, I am betting you will have all sorts of possibilities.
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13 November 2024 | 5 replies
This will help direct your search to the right areas, property types and price point.If you're purchasing all-cash, skip that step.Depending on your goal and preferred timeline for closing, the majority of your time should be spent searching for and analyzing deals.Searching: Look at public listing sites; connect with an investor friendly agent and choose 1 to work with who can search MLS and off-market inventory; for additional off-market options, consider growing your own database of wholesalers and homeowners Analyzing: Your agent can send comps and you can also search public listing sites for sold homes.
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14 November 2024 | 22 replies
Their familiarity with the local market and diverse financial products could be beneficial.Huntington Bank: With a significant presence in Ohio, Huntington Bank provides various commercial banking solutions and has a history of working with business clients, including those with complex ownership structures.PNC Bank: As a major regional bank, PNC offers comprehensive commercial banking services and has experience dealing with corporate clients, which may align with your fund's requirements.It's advisable to contact these banks directly to discuss your specific needs and assess their ability to accommodate your investment structure without personal guarantees.
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13 November 2024 | 14 replies
FTF has taken many of my clients out of my bridge loans in the past.. this guy could not access his draw money and was out about 300k. now he has the wherewithal to solve his problem but i can see others being in major trouble if work is done and draws are not forthcoming.
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13 November 2024 | 8 replies
Most major metros can handle MTR only and STR only--- it's a strategy discussion.
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13 November 2024 | 18 replies
Yes, they can have higher rates and fees, but they come with some major advantages too—like not needing personal income verification or DTI requirements, which can be a game-changer if you're looking to scale quickly.