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9 February 2024 | 6 replies
Your issue is really going to be loan size here, that dollar amount is likely to be too low for both reputable DSCR Lenders and even Hard Money Lenders.
8 February 2024 | 4 replies
Bring in any other contractors as needed, and definitely bring in a plumber to verify the scope and cost of the work.
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9 February 2024 | 18 replies
Follow to the T or request assistance with a local and reputable PM.
8 February 2024 | 2 replies
The other thing is VA is a very reputable loan it offers 100% financing with wiggle room for Credit scores and DTI.Put in a strong offer and tell your agent to step up and get aggressive and ensure the sellers agent or seller they have very strong and qualified VA buyer.
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8 February 2024 | 27 replies
If you are not a plumber or electrician then you do not require those tools.
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7 February 2024 | 20 replies
Reputation matters in the industry.
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8 February 2024 | 17 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.
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9 February 2024 | 49 replies
Real world numbers 3 years into the syndication I invested in:COC return 2019 = 1.6%COC return 2020 = 1.0%COC return 2021 = 1.0%This is with occupancy of 95% plus, remodeling units, and pushing rents higher.Don't expect large big name syndicates to return 6-7% COC on their reputation alone.
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10 February 2024 | 39 replies
If you have a non-paying tenant and have to evict, or any minor mechanical issue that requires a plumber or an electrician, or a capex issue like a driveway, sewer line, roof, windows, doors, siding, appliances, etc... you're in the hole big time on this property.
8 February 2024 | 16 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.