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5 November 2024 | 28 replies
This is particularly useful if you find a lower-cost property that needs some updates to attract high-quality tenants.Reverse Exchanges and Parking Arrangements: If you spot a great investment opportunity before selling your current property, consider using a reverse exchange.
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4 November 2024 | 7 replies
If you're getting back into the lending game for long-term hold investors, a realistic “ideal” loan might look like this:Rates: Somewhere around 6-8% interest, depending on the risk profile of the borrower and the property.LTV: 70-80% LTV is solid, especially if you're aiming for lower risk.Term: 5-10 years works for LTR investors who want stability.Fees: Reasonable origination fee (1-2%) is expected, but avoid nickel-and-diming borrowers with hidden fees.Prepayment: A soft prepayment penalty could be fair if paid off in the first couple of years, but after that, no penalties.Speed: Being able to close quickly (within a couple of weeks) would be a huge plus.In short, give investors a competitive rate, decent terms, and flexibility on prepayment, and you’re golden.
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3 November 2024 | 24 replies
no I have not purchased the home yet -but I’m educated and working with a realtor who understands the process.1st- you have to be a recipient of a section 8 housing choice voucher /in the program and in good standing2nd you need to be in the rental unit and in the program for a year minimum3rd you must to be in a “participating housing authority” or PHA because not all Housing Authority’s participate in this rent voucher -to -home mortgage voucher program4th it may ( or may not) require recipient enrolling in an additional sub program called families for Self Sufficiency ( FSS) which has a class that teaches voucher holders how to use the voucher for a mortgage payment5th I’m working with a realtor who understands the process - has used it for dozens if not hundreds of clients. it’s going to be VERY hard for anyone unfamiliar with government processes to get through it successfully. note I’m also utilizing first time savings plans IDA‘s and local first time homebuyer grants and a USDA 502 direct low income Rural loan. and my own funds.All aid mentioned can be “stacked” to lower mortgage & create long term affordability.
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4 November 2024 | 1 reply
For investors, this means the opportunity to acquire properties at lower entry points compared to other major tech hubs like Austin or San Francisco.
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2 November 2024 | 0 replies
I should have used templates and calculate using things like the dea analysis and offered a lower purchase offer, and negotiate better loan terms.
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1 November 2024 | 7 replies
I was offered LTV of 54%, 6% rate from a commercial lending institution but that LTV isn't feasible for me and was definately a lower LTV than I expected.
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4 November 2024 | 17 replies
There are also opportunities a bit farther North( Lucedale, Moss Point areas) for lower cost long term rentals, and BRRR deals!
4 November 2024 | 8 replies
Insurance wrote a check for much lower than what contractors were bidding for restoration/remodeling.
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4 November 2024 | 9 replies
Hey all,I am in the middle of my first rehab (for LT rental) and want/need to lower two decaying chimney stacks to a safe height above the roof.
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4 November 2024 | 13 replies
As of right now, a lot of land investors are moving to lower cost marketing like cold calling instead of mailers.