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1 July 2024 | 21 replies
I am living on the SE side which is ultra-competitive currently.
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3 July 2024 | 54 replies
Competition is higher, potentially resulting in lower rental yields compared to Cleveland.
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2 July 2024 | 108 replies
How is so many Erics' competition more insurmountable than that of your every day REA and Brokers?
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1 July 2024 | 8 replies
This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.
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2 July 2024 | 19 replies
Nothing but competition and lack of inventory driving prices up.
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30 June 2024 | 54 replies
I just had clients lose a home in the Denver suburbs a competitive situation reminiscent of 2021/2022.
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1 July 2024 | 6 replies
Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.
3 July 2024 | 20 replies
This misalignment often leads to conflicts and disagreements, as realtors may perceive wholesalers as driving down property prices and potentially affecting their own earnings.The commission-based model for realtors can also create a sense of competition and rivalry between them and wholesalers.
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29 June 2024 | 3 replies
Cash offers are usually more competitive and provide investors with slightly more room to negotiate on listing price.