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5 August 2024 | 21 replies
Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success
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5 August 2024 | 6 replies
Alternatively you can sell to an investor but the investor buyer usually has plenty of optionality in the markets that don't reach the transition phase which eliminates most negotiation leverage.
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2 August 2024 | 1 reply
Hello, I work for a property manager who currently is using ABODEA to assist with calls from tenants during weekends and evening time when the office isn't open. We are running into some problems with ABODEA because ...
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5 August 2024 | 16 replies
A lot of people like ListSource but it depends on what you're doing and there are a lot of alternatives, just search around.
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31 July 2024 | 6 replies
What are the best alternative listing syndication sites?
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5 August 2024 | 9 replies
However, BrytSoftware and LendFoundry provide a user-friendly alternative for sellers who want a bit more hands-on approach.Hope that helps with your search for software!
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4 August 2024 | 13 replies
If it was a primary residence, there are conventional low LTV's, and as a popular second home destination,10-15% down payments for a SFR is common for well qualified buyers.
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4 August 2024 | 4 replies
Lake Lure is pretty popular in the summer & fall.
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6 August 2024 | 29 replies
During the pandemic years, it became increasingly popular to lease month to month which creates opportunity to increase rents rapidly on in place tenants.I'm buying a condo this month in which the tenant agreed to stay and signed a new lease raising his rent $250 per month.
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2 August 2024 | 0 replies
My team and I are wholesalers who focus on finding rent-ready properties under 100k (typically in popular section 8 regions).