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29 October 2024 | 24 replies
After reading and talking to my lender which didn't offer it (similar to what @Drew Sygit said) I went the conventional route and used cash for the remodel. 203k loans have hurdles, payment draws, specific contractors (grosssss), and other requirements that slow you down or cost money.Investors have found success with (203) loans it but consider your overall goal, budget, and timeline.
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4 November 2024 | 34 replies
As for SFR a pre approval letter is of value because most institutional lenders will close the loan with the main qualification being the buyer himself, as long as the property appraises for a certain value.Loans secured by commercial real estate are much more dependent on the property itself and all its characteristics, not just the appraised value.
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22 October 2024 | 1 reply
Sorry everyone it should say Landlord Lunch instead of Main Meeting.
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24 October 2024 | 0 replies
The first hurdle was convincing them to leave via cash for keys.
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7 November 2024 | 45 replies
Tenants are definitely the main reason why I think a lot of people dont get started in real estate.
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29 October 2024 | 4 replies
When you set up the showing, repeat your main requirements, ask a few questions, and encourage them to pre-screen themselves so they don't waste money or time.3.
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31 October 2024 | 19 replies
Construction and the main office is in Evergreen Park.
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27 October 2024 | 2 replies
After joining BiggerPockets Pro and making use of all the tools available, I've decided that Buy and Hold will be my main strategy, specifically with small multi-family homes to start.
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28 October 2024 | 12 replies
In advance I'm sure people will ask why I would have it under an LLC for my first property, of course liability protection but the main reason is Taxes, I'm not trying to have the added income from the property be on my personal tax returns.
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28 October 2024 | 7 replies
However, I will warn you that these zip codes are not B & C areas, I have been investing in Jax since 2017 and lived there 2020-2023, and these are C and mainly D areas.