
6 December 2024 | 9 replies
Listing it “as is” with a $25k rehab concession can attract these buyers.Consider these options:List on investor-focused platforms like Roofstock or BiggerPockets or Facebook Marketplaces, where you’ll find buyers who appreciate tenant-occupied properties.Network with local investors or REI groups in your area to find someone looking for a turnkey rental with upside potential.Hire a real estate agent experienced in selling tenant-occupied properties, but adjust your pricing to cover commissions if needed.Make sure to highlight the stable tenants and ADU potential—those could be big selling points!

5 December 2024 | 4 replies
Quote from @Veronica Morss: I just finished rehab on my first Cleveland property and we're waiting on the lead certificate to come back which I'm told 30-60 days.

3 December 2024 | 5 replies
Note, I will not share any addresses as I know how this works.

6 December 2024 | 4 replies
Consider buying, rehabbing, renting, refinancing, repeating, expanding into larger multifamily properties, or diversifying into other markets.

7 December 2024 | 5 replies
When we did it, we did score some great deals, but what we found was that we were visiting so many properties to understand our "strike price" (the maximimum we would pay for the property when taking into account rehab costs, hold times, interest on any debt, closing costs, real estate commissions, a contingency reserve for "unexpecteds", etc) that the math started to not make as much sense.

6 December 2024 | 21 replies
Ongoing Advisor/Mentor offers personalized support, addressing broader issues like deal analysis, risk management, financing strategies, and navigating new challenges.

4 December 2024 | 2 replies
I'll have to try and find a CPA that will address the deadline.

9 December 2024 | 8 replies
They’re often well-connected to contractors and property managers who know the drill for moderate rehabs in that area.

9 December 2024 | 5 replies
I probably wouldn’t mention your third point - it makes it sound like you expect them to hold this note forever and I’m not very certain, but I’m guessing there isn’t a huge market for $100k secondary notes.Have you considered asking them to finance 90-100% for a short period of time so you can rehab and refi at a higher valuation?