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13 December 2024 | 10 replies
The key is to understand the capital stack, who is in line in front of you and what are their terms.The people who are getting burned may have known there was debt in front of them, but did they know it was short term or variable - did they know all the details to make a good judgment on the investment.If a property had 20 year fixed debt at 70% would you take that over 3 year debt on a variable rate at 50%?
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10 December 2024 | 6 replies
Let her know she can change the locks and give you a new key (or if it is a keycode, she can change it and give you the new code).
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9 December 2024 | 12 replies
One of its key features is the ability to pull comps quickly while ensuring the data is updated as fast as possible.
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8 December 2024 | 1 reply
Key point is "Lowest" rate does not mean the cheapest rate
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11 December 2024 | 8 replies
Here are some key points to help you evaluate the opportunity using AirDNA:1.
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30 November 2024 | 11 replies
In the last 2 years we have had two different properties where tenants left a bad flea problem behind, and it's a PITA to get them gone because you have to spray multiple times and vacuum everywhere multiple times.
7 December 2024 | 1 reply
I see a lot of new investors buy something turn key and end up either over paying or due to the market not being able to refinance for 5 years.If you have any questions feel free to reach out or email me I enjoy helping BP members.
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12 December 2024 | 20 replies
Key: cleanliness, keeping food contained and not leaving pet food out, exclusion (blocking holes where rodents can enter), keeping vegetation away from the building.If it becomes a serious problem or infestation, then call in the pros.
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7 December 2024 | 7 replies
And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?
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10 December 2024 | 9 replies
If you go to court, there's some cost to that and you'd be risking more escalation if they sought counsel as well.My approach for problem tenants is just appease them if the cost is minor and then not renew the lease, or even cash-for-keys if necessary.