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13 January 2025 | 15 replies
Don't pay any other fees.Fix-and-flip loans will typically last from 6-24 months, with 12 months probably being the most common.
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13 January 2025 | 23 replies
That last one lets him know when it's time for a drain and refill.
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7 January 2025 | 6 replies
So far, I was thinking of having them send me their whole credit karma, send me their last paystubs, and send a landlord to verify renter's history.
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3 January 2025 | 5 replies
I have remodeled several hundred places and the ones made with particle board look good but don't last.
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4 January 2025 | 14 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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2 January 2025 | 13 replies
Verifying last 2 years of rental history very important!
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9 January 2025 | 9 replies
Last year one of our lenders would not lend to new customers or customers who have never did a commercial loan with them.
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3 January 2025 | 7 replies
I have worked with a number of investors in the last year that are happy with the cashflow on smaller multi fam in this area.
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7 January 2025 | 5 replies
When is the last time you did a walk-thru (highly recommend taking a video!)?
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7 January 2025 | 12 replies
The home you saw listed with the $339 HOA are the townhouses that were built last year.