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31 October 2024 | 18 replies
The tradeoff on the joint financing is going to be the (refi) costs associated w any transfer of ownership, HOWEVER transferring title to the LLC is unlikely to trigger due on sale (b/c it sounds like most banks simply aren't monitoring and/or enforcing due on sale in these instances) which would make the ownership (sans the actual mortgage note) more easily transferable than exiting your position as an individual owner?
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25 October 2024 | 66 replies
Also another lender reaching out to me to lend on the deal and they aren't even looking into the deal and thats another way folks will get scammed through a broker.
30 October 2024 | 10 replies
We aren’t looking to pay one of those “guru’s” that feed you a bunch of crap.
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24 October 2024 | 7 replies
How do you confirm that the person at the corporation is authorized to sign a lease on the company's behalf?
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27 October 2024 | 16 replies
I agree with Michael Baum: read all the suggestions here: great info.The general theme is, whether it's your cleaner, your handyman or a responsible neighbor, you need willing and able "boots on the ground", eyes on the property and someone local with both common sense and authority to act on your behalf and/or your instructions.My 2 cents,Mike
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29 October 2024 | 11 replies
Rentometer is fair as an aggregate, but often misreads the market in high rental areas or very suburban markets where there aren't a ton of rental options.You should be able to be within $200/month using MLS data which is not all on Zillow because the syndication of rental data is way less than sales data.
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28 October 2024 | 6 replies
As everyone else said, if you aren't getting traction, it's either priced too high or you have terrible photos and description.
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30 October 2024 | 21 replies
You aren't flying to the market 2x per year.
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25 October 2024 | 12 replies
BiggerPockets has a book about private lending and I’m one of the authors - so feel free to take a look if interest or respond with questions.
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29 October 2024 | 23 replies
Those deals aren't every day, but they are still out there.