Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Pamela Rivas
Can foreigners buy Real Estate in Mexico? Legal process explained!
23 January 2025 | 5 replies
Whether your plan is to generate rental income for part of the year or to create unforgettable memories during your personal stays, Mexico provides an attractive combination of high returns and diverse options to perfectly match your lifestyle and investment goals.Hope this information helps anyone in this group who is considering expanding their investment portfolio into international markets.To our success!
Blake Winiecki
New Investor in Southwest Florida
15 January 2025 | 12 replies
Beachfront or properties near attractions tend to perform best.Mid-Term Rentals (MTRs): These are gaining traction, especially with traveling nurses and remote workers.
Michael Challenger
First Time (Potential Buyer) Seeking Advice on House Flipping in Charlotte, NC
7 January 2025 | 5 replies
I recently came across a property through an agent with attractive numbers for a house flip.
Julie Muse
Highway 64 Transformation: From Fixer-Upper to $200K Success!
6 January 2025 | 0 replies
Our project management kept everything on schedule, making the property highly attractive to buyers.
Cheryl A.
Has anyone invested with Djuric Family Office aka Blake Capital Group
26 January 2025 | 33 replies
Common syndicator game of throwing out huge returns when other funds are going under because they want you to only look at that shiny number and not what their past performance has been@Chris Seveney 25.7% Annualized Return / 21.7% IRR.This was my first passive investment and yes I was under educated, naive and attracted by the expressed returns.
Rebecca Gona
New to STR -Excited but scared- need to learn!
25 January 2025 | 12 replies
Close to a cool little town, close to an area attraction, etc....Also do a search here and see how to screen guests, in addition to what the hosting sites do.... like no last minute bookings, no short stays....
Ashish Gambhir
Rental Real Estate Investment in and around Raleigh
15 January 2025 | 6 replies
As I am new to this and looking for cashflow using rentals, one key aspect of this investment is to ensure that the unit rents out quickly and while I do understand that cash flow to begin with might not be attractive, it can be a good investment in the long run if the location is right(as appreciation also kicks in).
Anthony Vaganos
DCSR vs Conventional with transfer tax
19 January 2025 | 8 replies
A longer timeline will make paying the extra 2% now more attractive.
Tio Sam
How to choose a design?
29 January 2025 | 15 replies
I’d be happy to provide suggestions on tiles, fixtures, or color palettes that are both budget-friendly and attractive to buyers.Looking forward to hearing more about your project!