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24 October 2024 | 5 replies
Typically the only fee a lender will ask for is an appraisal fee, that is typically paid directly to the AMC though not the lender.
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24 October 2024 | 9 replies
REI Central is probably the largest/most popular - typically 100+ people.
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29 October 2024 | 23 replies
SFR will initially produce zero income (unless you rent rooms or until you move out.)typically investors that consistently buy multiple homes a year are experienced in the REI game with lots of connections and access to cash. not always. but more often than nothappy to discuss your investing goals more
25 October 2024 | 2 replies
As far as sign of a contract is typically not that much.
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24 October 2024 | 13 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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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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29 October 2024 | 15 replies
If that is the case, to understand this you have to look at the previous year's taxes for valuation - especially what the taxable value was for the prior owner.I suspect this is very much a first time buyer's issue - where you weren't expecting the increase, but typically there is an increase to market value.
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24 October 2024 | 20 replies
Why do I have to wait if I am only doing a rate and term refinancing.You typically need to wait six months before refinancing an investment property, even for a rate and term refinance, because lenders want to see a consistent payment history and assess the property's value over time.
23 October 2024 | 2 replies
What % of GP profits are typically shared with someone who raises 95% of the deal equity?
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23 October 2024 | 13 replies
How or where have you typically found the best contractors?
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24 October 2024 | 2 replies
While there are exceptions, we typically advise our clients to track their mileage.