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31 December 2024 | 76 replies
I do most of the putting out fires, hiring handyman, bribing people to not leave a bad review because they saw dust on a ceiling fan blade (lol).
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16 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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7 January 2025 | 7 replies
You will definitely need to underprice the unit until you get some reviews.
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16 January 2025 | 23 replies
If they stop paying, I foreclose, but still keep making my payment to the underlying lender.
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10 January 2025 | 2 replies
Start by reviewing the assessment report for errors, such as incorrect square footage or outdated property features.
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15 January 2025 | 8 replies
If you can rent it out, get it rented out, get a year lease, then start approaching commercial lenders for either a DSCR loan or a 2nd mortgage, with cash out.
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13 January 2025 | 6 replies
Most lenders will vary how aggressive they will get based on the experience of the operator (you), but I don't know any that will lender to someone who's never done a spec build like you're contemplating.
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15 January 2025 | 6 replies
Most lenders I work with would lend you 70%-75% of the value of the property, but only so much that your NOI/profit is 20%-25% of the monthly loan payment.
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23 January 2025 | 10 replies
How many mortgage lenders have you spoken with to get qualified and discuss allowable down payment options?
16 January 2025 | 1 reply
I’ve watched a lot of videos on how to screen and how to set up work with contractors, so I’m hopeful to build those relationships more in this area in the future.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?