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25 November 2024 | 19 replies
Quote from @Michael Smythe: @Christian Gibbs let's look at this logically.PMCs either charge a percentage of collect rents or a flat fee.If they charge a percentage of collected rent, they typically are incentivized to get a property ready to rent quickly and find a good tenant.-- But, what happens if the owner wants to drag out repairs with requests for multiple bids, takes weeks to review and approve those bids and then take even more time to send funding?
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2 December 2024 | 7 replies
If I could, pick your brain a bit more, how much do you typically set aside for things like CapEx/Vacancy?
5 December 2024 | 11 replies
Hi There - We have had several clients make the numbers work here in Chicago typically with either FHA 203k and home style renovation loans.I continue to remind everyone that a single or walk right now will be a double, triple, or even a home run down the road.
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2 December 2024 | 6 replies
Investment mortgages, like DSCR loans for investment properties, typically come with prepayment penalties (PPP) to protect against prepayment risk and the keep portfolio CPR in line.
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3 December 2024 | 1 reply
The latter is what a typical marketing agency would charge, and they would provide and build you the CRM for free.
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9 December 2024 | 38 replies
I rarely have a balance over $20k, and more typically $10k on my personal ones.
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7 December 2024 | 150 replies
(Think of it as you are the "bank" in a typical REO transaction).
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4 December 2024 | 5 replies
Home values typically fall between $150K–$200K, which provides a solid balance of affordability and appreciation potential.
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5 December 2024 | 24 replies
@Steven DeHart the meet up is typically at Walk Ons and starts at 6:00 pm.
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2 December 2024 | 2 replies
Lending to grow is typically unsecured.