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19 December 2024 | 12 replies
But it should only be attorney cost, the deed and recording fees (few hundred) , maybe a final water cert.
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26 December 2024 | 9 replies
Is the extra headache really worth it?
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29 December 2024 | 8 replies
However, I do think the experience was great for what it was worth and for how long it lasted.
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23 December 2024 | 5 replies
GRM and cap rate both looked great, but when we pulled utility records, we found heating costs in winter were brutal because of old, inefficient systems.
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24 December 2024 | 6 replies
If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!
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27 December 2024 | 15 replies
Working with a mortgage broker who specializes in investor programs can be helpful for better terms as conventional loan product lenders generally don't have the best DSCR terms.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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28 December 2024 | 3 replies
Some insurance companies offer policies specifically designed for owner-occupied multifamily properties, so it’s worth asking about that option.The key is ensuring both your personal residence and the rental unit are adequately covered.
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27 December 2024 | 21 replies
Seller understands the house must go in order for the land to be worth anything).
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19 December 2024 | 24 replies
Most of that is not really worth much to most people.
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27 December 2024 | 5 replies
Also calling the county and asking them who some use as consultants could be worth it.