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13 September 2024 | 6 replies
Ensuring the safety and security of my guests and property is of utmost importance to me.
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14 September 2024 | 9 replies
With everything pretty much being new I feel reasonably good and have somewhat of a “it’s meant to be feeling” with the original buyer struggling to get the funding together to complete, allowing me the opp to finally secure.
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12 September 2024 | 7 replies
Would you charge damages from the security deposit?
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10 September 2024 | 1 reply
.- Property Management: With companies like Champion Investments managing a large portfolio of properties in the area, there seems to be a robust infrastructure for property management, which could be beneficial for out-of-town investors.- Market Knowledge: Local real estate companies like RE/MAX Select, with their 18 full-time agents, indicate a strong local real estate community that could provide valuable market insights.In conclusion, Shelby's real estate market shows potential for investment, particularly given its price growth and strategic location.
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13 September 2024 | 3 replies
Additionally, I’ve secured seller financing for half of the purchase price, but I’ve been told this could complicate things further since banks typically prefer being in the first lien position.
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14 September 2024 | 26 replies
Do you believe that reviews are the main pillar for securing more reservations for a property that is already listed?
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13 September 2024 | 7 replies
It secures the loan with equity from the current portfolio, so providing liquidity for the down payment.
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16 September 2024 | 43 replies
We like the safety and security and less work of the smaller portfolio with low risk.
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17 September 2024 | 68 replies
No tenants - No turnover, evictions or chasing rent.No liability - No worries if a homeowner slips and falls.Secured - the investment is secured by real estate.Insured - unlike a stock, the collateral (property) is insured.No taxes and Insurance - Homeowner pays and TI is typically escrowed with the servicing company so no need to track.Notes are typically more liquid than rental real estate.Consistently higher returns - Typically double digit.Scalable - easier to manage several hundred notes versus several hundred rental properties.No HOA or COA - homeowners must pay directly.No property management costs - instead we pay a fraction to a servicing company to collect payments.
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12 September 2024 | 2 replies
I'm also considering having them review the lender agreement forms before signing and securing the loan.