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17 October 2024 | 19 replies
Here are the Positives:Upfront Payment: The tenant’s offer to pay the full year of rent upfront, along with the deposit, shows a commitment and provides financial security for you in the immediate future.At least She was Honest in Her Communication: The tenant has been transparent about her situation, which can be a positive sign of reliability and sincerity.My Negative Concerns:Her Future Financial Stability: It's only a one-year lease, if her medical condition and financial condition should worsen (Heaven forbid), you may have to face her wanting out of the lease earlier than the 12 months and eventually you may be faced with having to decide not to renew the lease (after her 1 year contract is expired) based upon the sad news of her condition becoming worse, (Heaven forbid).
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16 October 2024 | 2 replies
Start talking to local lenders and see what kind of products they have for construction/ rehab loans.
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17 October 2024 | 13 replies
Propwire is free and a product from Jerry Norton.
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16 October 2024 | 13 replies
The government saw the housing bubble and changed guidlines with fannie and freddie to make the 10 down / 2nd home loan product very expensive (about 4 points to close).
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17 October 2024 | 16 replies
You can also find agents and lenders via the Find An Agent or Find a Lender tools.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.
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15 October 2024 | 2 replies
I then want to have a virtual meeting with the GP who will actually be overseeing the daily operations.One of the projects is already stabilized and the GP is looking to sell; should have a significant amount of capital returned.
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15 October 2024 | 1 reply
maybe some light repairs after the tenant moves in...so your first few years are typically stabilization, and you investing into the property.
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15 October 2024 | 3 replies
But after seeing how it’s starting to stabilize the market, I understand why these changes are needed.We’re not just dealing with hurricane risk in Florida—we’re dealing with a history of fraud and abuse.
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15 October 2024 | 1 reply
Ogden has done nothing to provide for mom-and-pop landlords who might have brought stability to neighborhoods where owner-occupants aren't quick to adopt.
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15 October 2024 | 4 replies
Since real estate tends to have a lower correlation with the stock market, it can serve as a stabilizing asset during economic downturns.