
30 October 2024 | 16 replies
Here's some copy & paste advice 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 Class A property in Class D area, what quality of tenant will you get?

31 October 2024 | 9 replies
Will hard money lenders typically lend on properties less then 100k?

1 November 2024 | 19 replies
This depends on your agreement and whether you are hypothecating the note (meaning you own the note and are borrowing against it) or doing a partial where you are selling that portion of the note and issue a collateral assignment.When i did partials I did it as a hypothecation where I kept control of the note because those who typically buy a partial are not savvy note investors and if it went into default the first call they would make would be to you.I know some who let the buyer own it and they would be calling the servicer every week asking about payment or emailing the etc. then if it did not show up they would be calling them.How you structure it is up to you, just realize there are pros and cons for both

31 October 2024 | 2 replies
These loans are tailored for investment properties and can help clients maximize cash flow without the typical income verification hurdles.

2 November 2024 | 64 replies
@Sol BergrenBP had a legend on their podcast episode 399: Jeff Thorman who discussed this common problem.My experience there's a handful of root causes:- Subfloor is not level - in which case this is bound to happen no matter how well you installed- Improper installation - I've found the planks seem tight when they typically have a small bit they could get tighter which is why I always use a scrap piece of the interlocking flooring, then while installing each piece of flooring, I pull into place manually as best I could, then use the scrap flooring to lock into the open side of the piece I'm installing and tap with a hammer as needed until the pieces is truly secure in place.

31 October 2024 | 15 replies
They are negotiable but typically $300-$500.

30 October 2024 | 0 replies
For investors who own or have owned wedding or event venues, what are the typical lease terms you've leveraged?
1 November 2024 | 11 replies
This is typically part of the screening process to ensure that the property meets occupancy standards and to prevent overcrowding.

31 October 2024 | 3 replies
However, in general it sounds like a typical holdover tenant scenario.

30 October 2024 | 2 replies
When you get to PM companies that are 100++ units they typically have in house handyman services that do it all so they might not have the connections that you need.The next move is going to local REI meetups...