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5 December 2024 | 8 replies
I am looking to get into investing specifically house hacking and am searching for a small multi fam (duplex, tri, or quad) and haven't found the one yet.
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5 December 2024 | 10 replies
In my case, I wasn’t sure my land qualified because it was essentially my back yard, but because it was always a separate lot from my house, I was able to still do it because raw land without improvements on it is always considered investment property.
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5 December 2024 | 12 replies
Generally, the fees can range from $500 to $2,500 or more, depending on the specifics of the loan and the attorney's rates.Here are some common fees associated with loan document preparation:Promissory Note and Loan Agreement: These are the core documents, and the cost of drafting these can range from $300 to $1,500, depending on the complexity of the deal and the lawyer's hourly rate.Deed of Trust or Mortgage: This is often required to secure the loan against the property and can cost an additional $300 to $1,000.Title Search and Title Insurance: If you’re using title insurance or require a title search to secure the loan, this can add another $300 to $800 or more to the cost.Other Documents: Depending on the type of loan (e.g., hard money loans, commercial loans), you might need additional documents like personal guarantees, collateral agreements, or an escrow agreement.
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5 December 2024 | 6 replies
When tenants aren’t able to achieve long-term success, they’re more likely to move out in search of a more favorable location.
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7 December 2024 | 8 replies
See who hasn’t raked their leaves.See who hasn’t shoveled their snow after day 3.Look on the tax GIS map and find the owner.Find someone who can do AI searches on the GIS database.
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2 December 2024 | 4 replies
What you are not including is vacancy, capital improvements, turnover costs etc.
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5 December 2024 | 4 replies
Main questions should ask about the seller's:- Reasons/Motivations for wanting to sell- Desired timeline to close- Plan's after selling (relocation, reinvesting proceeds, 1031 exchange, etc)- Back-up plan in case they are unable to sell within the desired timeline- Reasons for not already selling to/with a investor or RealtorAdditional questions will depend on the type of seller lead i.e. pre-foreclosure, probate, fsbo, absentee owner, etc.Here is an example of a youtube search you can use to begin finding call recordings.There are 1,000s and you'll find that the best/most effective ones don't even sound like sales calls.
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6 December 2024 | 21 replies
You can also find real estate investing groups through meetup.com, Facebook, or a Google search.
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2 December 2024 | 21 replies
But I also sometimes think owning only 1 property in LA would be less stressful and a more reasonable mortgage payment would improve my quality of life.
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9 December 2024 | 23 replies
You'll be surprised how many cases there have been and how the law has developed.Do a quick search for Pennsylvania tree laws or Pennsylvania tree liability and you'll see what I'm talking about.