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5 December 2024 | 20 replies
Replacing small items such as those can often times build trust and keep your tenants happy.
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5 December 2024 | 10 replies
absolutely... but be careful... be smart in what you invest in... trust me my friend https://www.biggerpockets.com/...take warning ... be smart... be vigilant
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8 December 2024 | 14 replies
These properties can often be acquired through creative financing methods like:Seller Financing: Negotiate flexible terms with motivated sellers who want to avoid traditional bank processes.Lease Options/Subject-To Financing: Take over a seller’s mortgage without assuming full responsibility, especially for properties needing renovation.Creative Terms: Adjust terms to fit market conditions, like offering lower down payments or longer payoff periods.Staying connected with investors and tailoring deals to current conditions can help you secure opportunities even in challenging markets.
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5 December 2024 | 2 replies
Aim for a 620+ credit score, save for a down payment, and research markets with strong rental demand.
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27 November 2024 | 9 replies
First of all they need to trust you and you need to have an established relationship in accordance with the 506b rules.
5 December 2024 | 11 replies
Account ClosedEven with high interest rates, lots of folks investing or buying homes do well with FHA loans because of small down payments and good loan terms.
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5 December 2024 | 11 replies
I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.
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27 November 2024 | 6 replies
I know I can reach out to some mortgage brokers to connect me with a private lender for most of the mortgage and then I would just need another lender to supply the down payment and renovation money.
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4 December 2024 | 4 replies
Been with them 8 years, they've never missed a payment and they give detailed quarterly status reports.
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5 December 2024 | 5 replies
Hi @Rene Hosman -In a nutshell, I find motivated sellers and tenants with damaged credit (or ones without a large enough down payment) and work to put the tenants in the seller's house with an option to buy.