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2 July 2024 | 7 replies
Good stuff - you are pretty spot on - technically people max out under conventional loans at 10 - but oftentimes its with fewer properties as people run into hurdles before hitting 10, some of which you mention - wanting to diversify strategies, multifamilies, needing LLCs etc.I think you are on the right track for DSCR Loans - I always say that DSCR is really perfect for people in the 5-50 property range - typically conventional is the best fit with your first few, and then when ready to make the "jump" to scaling bigger and faster - DSCR is the best bet.
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2 July 2024 | 73 replies
Let go - Stuff will break and go wrong, remember it is vacation and not life or death (normally).
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3 July 2024 | 9 replies
I grouped all the random stuff I bought throughout the year for the rentals (everything from garage door track lubricant to disposable work gloves, etc, etc) into general materials and split equally between the 6 units.
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1 July 2024 | 58 replies
texture looks weird. looks cheap, looks like florida houses looked 30 yrs ago and most of them still have that stuff on the walls.it hides imperfections, but i dont like the looks of it.
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2 July 2024 | 5 replies
A prospective renter would have to spend a few minutes rifling through her stuff to find the money and then leave her room in the condition she claims.
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2 July 2024 | 3 replies
We know our stuff when it comes to investment deals, but we completely ignore the emails/posts that say "I'm looking for an investor-friendly agent".
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2 July 2024 | 4 replies
They can be a bit of a pain since your have to have a licensed GC on the rehab and have to deal with some other process/compliance stuff, but they will be a conventional mortgage that can fund both the purchase and the rehab all at once (very similar to an FHA 203k).
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2 July 2024 | 10 replies
IMO I think you need a physical book so you can earmark this stuff.
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3 July 2024 | 13 replies
Not sure what happened (eg glass vase fell off a counter when jackhammering was done) or the value of the item, but the contractor said tenant's stuff should be fine and clearly it wasn't.
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1 July 2024 | 7 replies
All of the stuff he shares is already out there for free but usually when you pay for some sort of course, academy, seminar, etc...it's more about that information being all in one spot, organized, access to mentors, etc.