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4 November 2024 | 1 reply
If they are unwilling to use the methods you require, give them the opportunity to move out and start with a new resident.
5 November 2024 | 14 replies
Disclaimer: I'm probably biased because I've lived in Indianapolis for the last 5 years :)If you're set on BRRRR, I'd recommend higher-quality neighborhoods in suburbs of Indy like Zionsville, Carmel, Fishers, Noblesville -- they tend to attract higher-quality residents have less crime, and have less surprises than some of the 60-100 yr old homes inside the I-465 loop.
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8 November 2024 | 22 replies
I decided to run IRR (Internal Rate of Return) calculations for the SFR (single-family residence) investing in order compare with the IRR targets I see proposed by syndication operators.
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1 November 2024 | 7 replies
You can typically secure shorter term 3-5 year fixed rate permanent financing for this with lower leverage, or if you're feeling riskier you could go with a higher leverage, more expensive floating rate bridge loan.
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4 November 2024 | 4 replies
We have not done anything on the land yet because its very far from all our primary residences and does not have basic things like a well paved road and a water source.
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12 November 2024 | 171 replies
I can convert the construction loan to permanent and have a national tenant with a long term lease with a high cap rate and hold for a better time to sell.
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3 November 2024 | 2 replies
I have excellent credit, $100k in savings, the lot value to use as collateral and about $500k equity in my primary residence.
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3 November 2024 | 3 replies
Chandler doesn't have much inventory in the way of 2-4-plexes as that area is a suburb of Phoenix and is almost exclusively single family residences,with apartment complexes sprinkled throughout the area.
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2 November 2024 | 9 replies
Is there a full-sized gym nearby that would be willing to waive their start-up fees for your residents in exchange for a referral from you?
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6 November 2024 | 17 replies
You can have "good" residents and market rent...no need to settle for one or the other.