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10 December 2024 | 12 replies
Usually, when I buy a duplex around that price range in Cleveland it's closer to $500 a unit annually or $1,000 a year.
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10 December 2024 | 13 replies
And what is the usual fee range?
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15 December 2024 | 13 replies
About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!
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11 December 2024 | 29 replies
Housing does annual checks and the units are usually kept well.
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10 December 2024 | 6 replies
There is usually a missed opportunity in most markets delivering housing products that are needed but not readily available and the Zillow data most rely upon does not tell this story.Get to know the members of a community, their needs, what steers them away from the housing that's currently available.
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11 December 2024 | 5 replies
If I'm buying an investment property and the current tenants dont meet my screening criteria I need to know that up front.I usually assume that the current tenants either weren't screened or don't meet my criteria.
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15 December 2024 | 59 replies
Plus entry price is usually lower from what I've seen.
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10 December 2024 | 36 replies
That's a real bait and switch scummy thing to do, but I guess I shouldn't be surprised these days. keep in mind this is not usually bait and switch it could be and they are not being scummy.they simply are at the whims of thier senior credit facilities wants and needs..
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10 December 2024 | 6 replies
Looking for advice on where to post fully furnished month-to-month rentals besides the usual Furnished Finder/Airbnb/Zillow.
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8 December 2024 | 12 replies
And most people don't understand that S8 rents can change, usually on an annual basis as tenants are reassessed.How bad can it change?