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25 September 2024 | 37 replies
Quote from @Trevor Naumann: I have found the trick with banks to be that they will all only tell you what’s possible at their bank and not what’s possible in banking.This is so true and so frustrating.
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21 September 2024 | 7 replies
DSCR Loans in second position is not a thing - you might find a DSCR Lender that have other products that fit this need, like a Closed End Second or HELOC, but they aren't really "DSCR Loans" - I think you are likely looking for a CES (it is true however that you are correct in looking at the same place though, most of the lenders offering this on rentals are also DSCR Lenders)
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20 September 2024 | 7 replies
If your intent was to hold onto the property and a bear moved in next door (True Story) or maybe you receive an unsolicited offer you couldn't refuse, so you decide to sell.
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18 September 2024 | 3 replies
It is a beautiful area but because of the zoning and rules up there it would be difficult for the area to "blow up" and have a ton of new growth.
20 September 2024 | 6 replies
This seems to be true whether it's CA, TX, AZ or OH - IN or GA.Apparently wholesaling isn't as easy as everybody thinks and are willing to pay big bucks to "learn".Obviously the decline has hit the information provider's customer base that they sell information to, and hurt their bottom line.
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20 September 2024 | 17 replies
Those sites are a good starting point, but I wouldn't underwrite anything solely based off those estimates.I would suggest Enemy method - Same bed/baths, Amenities offered are step one, but speak to other operators that have similar properties/amenities and compare numbers with them (That is true data not estimates)How well are you marketing and providing guest experience?
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20 September 2024 | 0 replies
The other careers (not jobs) I/we helped create by giving people opportunities to find their true calling. 7.
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23 September 2024 | 25 replies
The reverse is also true: what do you think wil happen if you fill a Class A fourplex with Class D tenants?
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24 September 2024 | 27 replies
Two things are true, and I'm not mad at it.
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19 September 2024 | 7 replies
This year, I finally made the leap and purchased a duplex and a SFH, all rented, all cash flowing beautifully, but have a question in regards to business structure and setup.