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13 December 2024 | 13 replies
@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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19 December 2024 | 15 replies
The rate will be higher (typically 1% to 1-1/2% higher) but you will be able to sell, refinance, or payoff the loan without having to worry about paying what could potentially be thousands of dollars in a pre-payment penalty.
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18 December 2024 | 13 replies
The first step is typically posting a notice to end tenancy, it is normally 30 - 60 days depending on the area and type of lease.
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17 December 2024 | 13 replies
While I can't prove this definitively, the posting behavior strongly suggests this isn't coming from a typical satisfied customer.What's interesting is how this latest post is carefully crafted to rank well in Google searches for people who are searching for education on land investing.
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13 December 2024 | 2 replies
VA loans are typically meant for individual borrowers, not businesses or entities.
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12 December 2024 | 1 reply
Investors typically want a steal of a deal, so even 25% off is typically not enough for me to even stop....50% off market value starts to get interesting.
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19 December 2024 | 13 replies
That's more like a typical security deposit to rent an apartment, lol.
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12 December 2024 | 3 replies
Cutting to the meat of the situation, I came across a property that looked like a fixer upper, typical investment grade property.
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19 December 2024 | 22 replies
Obviously the net number is what's most important to sellers typically but I have found escaltion clauses and offering free rent backs to the seller are just a couple of ways to make your offer stand out.
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13 December 2024 | 5 replies
technically yes but I am not sure how realistic it is unless its a very large parcel. reason I say that is typically when you give up rights they will use them (for example oil well), which requires access etc.