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2 February 2025 | 7 replies
The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.
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26 January 2025 | 43 replies
Did you follow or attempt to follow everything on your end such as inspections, etc and were stymied?
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3 February 2025 | 27 replies
I started by building a 12-door portfolio using the BRRRR method and self-managing initially.
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21 January 2025 | 4 replies
They will schedule an inspection to verify that the second bedroom does in fact exist in the apartment.
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6 January 2025 | 7 replies
On a positive note we did build a new house to the specifications of a specific tenant.
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11 January 2025 | 9 replies
For path #2, you mean purchase & renovate a 3-5 unit building right?
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1 February 2025 | 5 replies
They can ensure everything is safe and, if you attend the inspection, they can educate you on what to watch for.
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1 February 2025 | 5 replies
The biggest thing with 5+ units is everything is more expensive, and the inspection requirements (depending on the municipality) are often more rigorous.
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17 January 2025 | 7 replies
The buyers did a long inspection, multiple days... made a huge request for concessions based on what we knew to be purely made-up issues.
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30 January 2025 | 5 replies
@Kiryl Ulanovich,You're on the right track:Get Pre-Approval from Hard Money Lender – Know your terms and limits upfront.Find a Deal Through a Wholesaler – Verify numbers and ensure it meets your criteria.Review the Assignment of Contract – Confirm terms, earnest money, and contingencies.Conduct Due Diligence – This includes an inspection (if allowed), verifying ARV, and rehab estimates.Submit to Hard Money Lender for Final Approval – Lender will review title, contract, and property condition.Title Search & Clear Any Issues – Ensure a clean title before closing.Close Through Title Company – Finalize funding and take ownership.Consider also lining up contractors early for a smooth transition into renovations.