15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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15 November 2024 | 5 replies
Not sure where your STR is located, but you might want to look into local STR management companies that also offer staging services.
15 November 2024 | 5 replies
Is there a no win / no fee type of service I should be searching for?
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15 November 2024 | 16 replies
I forgot to mention, it's meant to be turnkey so they manage it, and their split is 10% of gross income before all costs and debt service etc.
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17 November 2024 | 33 replies
Imputed expenses are important because they will be included as Operating Expenses when a lender appraiser does its appraisal, and also when the lender calculates its Debt Service Coverage Ratio.Regarding pest control, it's not just monthly roach spraying.
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19 November 2024 | 21 replies
I also help out of town LLs with consulting services to stay on top of their properties here.
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17 November 2024 | 9 replies
Hi Friends, -Any recommendations for a reputable Cost Seg company servicing San Diego, CA?
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15 November 2024 | 1 reply
However, I just received a text alert that I must agree to their new Terms of Service by 10/7/24 to continue processing payments.
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9 November 2024 | 21 replies
2> Terms and best practices: What are some ways to better set myself up to qualify for long term debt service products?
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15 November 2024 | 1 reply
Full service property management would have been a great asset to save time and headache.