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23 October 2024 | 6 replies
Job" typically means something you are paid a W2 salary for.
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25 October 2024 | 33 replies
Direct mail works, but you typically need to hit them 3-5 times or be following up with cold calling.
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25 October 2024 | 2 replies
I typically don't like to try and "time the market" but it's good to have a sense of where the wind is blowing.
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23 October 2024 | 27 replies
Typically there are no more than a few of these hitting the MLS in my market in a month.
24 October 2024 | 5 replies
Since there is even less documentation to look at/review with this, pricing is a bit higher than your typical DSCR LTR/STR product, however, there are numerous ways you can structure the deal to make certain the #'s work for you.
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25 October 2024 | 9 replies
They'll typically handle everything from leasing to maintenance to evictions which will allow you to devote more of your time to building capital and continue investing.
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23 October 2024 | 1 reply
Talk to the current owner to see how long the leases have been in place and the look up local laws to see what happens when the original lease ends (typically 1 year) and what happens if no end date is stated.
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25 October 2024 | 7 replies
It's not typical the appraiser will admit they are wrong and bring it up.
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27 October 2024 | 13 replies
From a tax perspective, having two members in an LLC will generally cause you to file a partnership tax return which is typically more expensive than if you were to go SMLLC route.
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25 October 2024 | 2 replies
The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!