5 November 2024 | 14 replies
the buy windows for properties are typically narrow, so you have to jump on something when it comes up.
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2 November 2024 | 11 replies
You can typically only have one FHA loan at a time, so you would have to refinance at some point into a conforming mortgage to re-use the FHA to buy another 2-4 unit.
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2 November 2024 | 2 replies
Save that money for a good home inspection that includes a sewer scope.They understand the law but typically do not understand real estate transactions well.
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31 October 2024 | 6 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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7 November 2024 | 18 replies
It’s always important to do thorough research before committing to any program.About Partner DrivenAs one of the owners, I can provide some insight into what we offer at Partner Driven:100% Financing: We cover the costs of acquiring and rehabbing properties, removing significant financial barriers for many investors.Ongoing Coaching: We provide continuous support and mentorship to help you succeed in real estate investing.Profit Sharing: We operate on a 50/50 profit split, ensuring both parties benefit from successful deals.Unique Value: Our program is designed to be hands-on, providing practical experience, full funding, and absorbing the financial risk, which is different from what a book or a typical class might offer.Transparency and SupportWe strive to be transparent and supportive, and I’m genuinely sorry to hear that some people have felt otherwise.
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1 November 2024 | 7 replies
They typically can do higher LTV's and are more lenient with variable conditions as long as the deal is solid.
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31 October 2024 | 8 replies
I typically have 3-6 renovations or new builds going at a time.
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4 November 2024 | 19 replies
That typically results in a higher payment and an open end mortgage (Credit card) versus cash in the bank that can act as an Asset and PITI reserves where a Heloc cannot.Feel free to reach out if you have any questions, I enjoy helping and talking REI.
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2 November 2024 | 10 replies
I typically am on site every day during a rehab.
1 November 2024 | 11 replies
Of course I don't know what you have, but typically what I see is probably better to sell it and maybe buy two in Someplace like Sherman if your resources allow that.