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4 January 2025 | 14 replies
@Ethan Slater here's some info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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11 January 2025 | 4 replies
Any properties you’d consider swapping out for higher-yield options?
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29 December 2024 | 7 replies
Would this be better to try and go through a local bank or is there good options for private money or other banks that specialize in this?
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9 January 2025 | 3 replies
I understand the safest option is to have a lawyer review the lease, but I figured I'd try to answer my beginner questions here and not waste the lawyers time (and my money) on the "for dummies" explanation.Thank you!
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21 December 2024 | 14 replies
Are there any simpler loan options I should research as I start thinking about our next property?
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11 January 2025 | 4 replies
I’ve been researching options like offering fully furnished rentals for traveling professionals or executives, especially with major employers expanding their footprints in the region.
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7 January 2025 | 5 replies
What I've seen is that when asked to provide an assurance that a loan wouldn't be called because of a due on sale clause being triggered, the lender customer service typically just outright says it's not allowed, or default to a "no", because they see it as a black and white question, and miss why the due on sale clause is actually written into the mortgage document to begin with.If one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.
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3 January 2025 | 26 replies
Many aren't used to explaining why their services are worth $12,000 (the typical pay for selling an average-priced U.S. home).
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4 January 2025 | 5 replies
However, tenant insurance is typically intended to cover personal property and liability for the tenant, not the building itself.
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7 January 2025 | 5 replies
@Amanda Bradley Tenant sounds like typical Class C with a credit score under 620.How hard was it to find this tenant?