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12 August 2024 | 4 replies
Its better if you get a property managers phone number because you can cross reference that with what is listed on their website.
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12 August 2024 | 0 replies
Super needed.Half of the homes sold were under contract in 13 days or less, up from 7 days a year ago.46.11% of homes sold for the asking price or above, with 23.4% selling for more than the asking price. 12.3% sold for at least $10,000 over asking and 4.04% sold for at least $25,000 over asking.The sale-to-list price ratio decreased from last month to 98.2% – down from 99% a year ago.Knoxville having the fastest-rising property prices in the country over the last five years, with median home listing prices rising 83%.New construction represented 13.6% of total home sales.With an increase in units over the past year we have seen the occupancy rate moderate at 95.9% down from the high of 98.9% in 2022.
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13 August 2024 | 14 replies
PM company did not send me an eviction report.I got my report from running background check on the tenant with her first and last name and cross-referenced it with the info the management company provided me about her employment and other info.
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11 August 2024 | 5 replies
@Jeff EbertRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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12 August 2024 | 4 replies
I have some property in the Netherlands but I am curious about investing in other countries.
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16 August 2024 | 17 replies
Additionally, national lenders like Chase and Wells Fargo have strong multi-family loan programs that cater to out-of-state investors.Scaling OwnershipGiven your available cash and equity, here are a few strategies to consider:Leverage Existing Equity: Utilize the equity in your current properties through a cash-out refinance or HELOC to increase your purchasing power.Partnering with Other Investors: Consider syndications or joint ventures, which can help you scale more quickly without using all your own capital.Diversify Markets: While the Midwest is great, keep an eye on emerging markets across the country that may offer similar benefits.Focus on Value-Add Opportunities: Look for properties where you can increase value through renovations or improved management.I specialize in selling new construction duplexes in downtown Indianapolis, and I’ve found that multi-family properties here provide strong returns.
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11 August 2024 | 16 replies
Currently doing 3 renos and 2 rental turns .I know many from OOS and out of the country doing the same.
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12 August 2024 | 4 replies
The best strategy in Mexico is holding short-term rentals and it's often even better than in the US because of the high cash flows and the almost guaranteed lack of regulations, which is a huge problem in the Us another developed countries.
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14 August 2024 | 42 replies
They bought one note and of course its NPN to start cant get it performing and having to deal with the servicer and they send me the laundry list of everything they have to do and they quickly realize holly cow this is a ton of work for a small investment with little to no upside by the time they put all those hours into it and risk basically getting some house back half a country away :)… So folks jump in but then reality sets in..
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12 August 2024 | 14 replies
I'm sure I will cross that bridge at some point, but so far lucky.