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2 April 2024 | 20 replies
I had to do that last month with another property that they were managing poorly :-( Good start but get prepared for more fun my bet is on the bailout.
1 April 2024 | 2 replies
I would also bet that the late fee is wrong there as well as we now have the most asinine rule in the state for late fees.The laws are changing increasingly fast so I worry about the ability of BiggerPockets to keep up with all the legislative changes that are going into affect and how it affects the lease!
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2 April 2024 | 22 replies
I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.
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2 April 2024 | 58 replies
A local BOCES college built a 900 sq ft 'modular' home & auctioned off for $42,000 & I bet we could have built it for half that.
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3 April 2024 | 24 replies
I bet the folks that are financially free via REI will often have a different outlook on this subject from those that are depending on a job and are just collecting real estate.
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1 April 2024 | 51 replies
You bet, Justin!
1 April 2024 | 4 replies
Honest opinion - this seems like a great opportunity for you with 70% LTV at 5.5% for a property this type/size - I would be very very careful if you need to get the other 20% as a relatively new investor - someone willing to lend the remaining 20% could easily take advantage or come up with terms that could cost you - definitely depends on the further info - but tapping the equity of your current rentals and taking down the full 30% equity stake in this acquisition would probably be the best bet
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1 April 2024 | 6 replies
Hard money where they finance the purchase price plus 100% of the renovation budget is your best bet.
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1 April 2024 | 4 replies
One thing to note is by paying it down, it can hurt liquidity so if that is an issue, keeping it in a bank account would be a better bet, but if liquidity not an issue, then I agree 100%