15 November 2024 | 14 replies
FHA loans with low down payments are ideal for this.In the meantime, focus on improving your credit score and maintaining a solid financial foundation.
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18 November 2024 | 16 replies
@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them.
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11 November 2024 | 16 replies
Our hypothesis was that by having the highest-reviewed properties, everything in the business would become easier.Paid Cleaners Well: Cleanliness was the biggest factor impacting reviews, so we decided not to take any chances.
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14 November 2024 | 8 replies
This way we know its a good chance they should qualify before wasting any of our time showing units.
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20 November 2024 | 37 replies
Since I enjoy the management and improvements and tools and growing a business, I chose to acquire my own properties.As for whether syndication is the "best way" ... it's totally whether the syndicator is good or not.
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16 November 2024 | 6 replies
Also there could be a good chance the borrower files BK if they are still alive.
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18 November 2024 | 12 replies
I will offer this suggestion, If you can secure long-term tenants post-leaseback and consider future value-add improvements, the property could yield even greater returns.Also, keep a close eye on commercial real estate trends in Middle Tennessee, especially given the area’s growth.
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14 November 2024 | 10 replies
A post on recapture:People are concerned about recapture when they cost segregate their improvements and for good reason.Recapture is real, and those deferred taxes will need to be paid.But fear not!
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18 November 2024 | 14 replies
I am not going to rent a nice house to four 19-year-olds working at McDonalds because it's absolutely foolish, but I will put two of them in an apartment and give them a chance to earn a reputation.
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15 November 2024 | 12 replies
If you're playing Poker, and you have put a lot of chips in the pot, but your hand hasn't improved enough from all the draws, what do you do?