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9 December 2024 | 9 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!
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4 December 2024 | 4 replies
Been with them 8 years, they've never missed a payment and they give detailed quarterly status reports.
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7 December 2024 | 2 replies
Hey Pat,Thank you so much for your detailed reply, the tips and pieces of advice you gave really resonated.
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2 December 2024 | 19 replies
If information is limited, use market-based assumptions to run a "worst-case" analysis.
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1 December 2024 | 0 replies
Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.
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9 December 2024 | 15 replies
Once you get the deal under contract, your RE attorney will also run a detailed title search to uncover anything else of importance.
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4 December 2024 | 12 replies
I would assume the reviews they have with them are on the lower side, and bigger PM companies are known to struggle with attention to detail on properties.
30 November 2024 | 4 replies
Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.
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5 December 2024 | 25 replies
My I ask details that raised red flags?
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3 December 2024 | 4 replies
I've researched different platforms and found one that provides comp analysis along with a rehab calculator tool.