Lacey A.
Rent to Myself
20 January 2025 | 5 replies
Once converted to a rental, repairs and improvements may qualify as deductible expenses, but pre-conversion repairs typically do not.
Chris Magistrado
Start with Buyer list or Seller list?
17 January 2025 | 4 replies
Unless you find a buyer with a very specific criteria who is willing to pay above the typical 70% - repairs.
Isaac Terry
Investing Out Of State - Starting
22 January 2025 | 20 replies
@Isaac Terry Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Darien Hernandez
Private Lenders: What Returns Do You Expect on 1st Lien Owner-Financed Deals?
16 January 2025 | 5 replies
What kind of returns are you typically seeing on these deals?
Khyree Randall
Seeking advice for making offers on mls listings
22 January 2025 | 16 replies
In hot markets, some wholesalers and investors use 80-85% of ARV (minus repairs) instead of the typical 70% to stay competitive.A few tips:1.
Michael Overall
DST or other mechanism
20 January 2025 | 3 replies
The typical DST that an informed investor would seriously consider is only available for 80-120 days.Happy to chat nuances if you’d like to DM me.
Jerry Zigounakis
Best Growing Markets To Invest In
24 January 2025 | 13 replies
-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Stacie Telles
Refinance on Investment Property
21 January 2025 | 6 replies
This will typically be a DSCR loan up to 75% of the new value.
Joseph Kirk
Advice on entering the fix & flip industry
5 January 2025 | 17 replies
Bathroom RemodelA modernized bathroom with new vanities, high-end fixtures, tile work, and updated plumbing features can greatly increase a home's value.
Lau Cor
Putting the investment in an LLC
21 January 2025 | 4 replies
Conventional loans are typically in your personal name, while investment property loans, like DSCR loans, will need to be in your LLC's name.