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20 February 2025 | 6 replies
I have checked with Wells Fargo where we bank they say they do not provide investment property loans.Thanks in advance.
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24 January 2025 | 36 replies
Couple of questions.Are you from KC or just interested in investing there?
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11 January 2025 | 67 replies
If you buy multiple properties, you can spread out your risk and avoid putting too much pressure on a single investment.
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20 February 2025 | 5 replies
@Daniel LangRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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5 February 2025 | 16 replies
If they’ve been around forever but only manage 50 doors, that’s a sign they aren’t growing for a reason.Good PMs are worth their weight in gold, but a bad one will wreck your investment.
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2 February 2025 | 3 replies
Quote from @Mike Hansen: When out of state investing, how does one go about appealing their tax assessment?
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10 February 2025 | 12 replies
You could structure the deal with seller financing to bridge the gap.Possible offer structure:-Purchase Price: $170K - closer to actual value-Down Payment: Low or zero down to conserve cash-Interest Rate: 3%-5% - or better yet, 0% if the seller will agree-Monthly Payments: Interest-only or deferred until the sale-Balloon Payment: Full payoff in two years when you sellIf he wants $200K, you can still make an offer of:-$170K purchase price + $30K as a second lien due at closing-Seller carries $170K at a low interest rateHe would feel closer to his number, but you still keep within reasonable investment limits.2.
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6 February 2025 | 5 replies
What would you do in my shoes I don’t invest there so take this with a slight grain of salt but I’ve heard multiple stories of basically this exact scenario someone getting offered a big payday for something in Cumberland, rejecting it & always for some reason (house burned down, block got worse, sheetz decided they actually didn’t want someone’s land for a car wash after all) always selling for like 10-20k and regretting not selling.
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6 February 2025 | 3 replies
Hi @Bryce Cover,First, congratulations on your growing family and your successful real estate investment so far!
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13 February 2025 | 10 replies
So...if you are going to be investing in real estate beyond one house, find a good banker.