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29 January 2025 | 5 replies
Even if you get something in escrow right away, it's still a 30-45 day escrow period before you would get paid, unless you are working with cash Buyers.
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7 February 2025 | 7 replies
Now that the six-month seasoning period has ended, I’m considering refinancing the property.
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5 February 2025 | 29 replies
Thus the money partner may realize a higher profit within a 3-year period of time than they may get with other investments such as a 25% or higher return per year for the 3 year estimated length of the investment. - The money partner doesn’t need to worry about the financing or keeping the debt in their name which may reduce risk for the money partner.Long-term tenant to reduce turnover.
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19 February 2025 | 23 replies
I'd purchased it on a land contract, paying interest only for the first 5 years, with the ability to extend another 5 years if I'm not able to find favorable financing to refinance within that time period.
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4 February 2025 | 14 replies
This is the tenants responsibility, period.
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29 January 2025 | 14 replies
-Build a strong network in Detroit of real humans over a period of months, buy a better deal, hold it for 10+ years, weather early storms: better chance for success.Even on that latter deal though, are you going to cash flow in month 1 or year 1 or even year 5?
8 February 2025 | 89 replies
Does financing period match the investment period?
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27 January 2025 | 13 replies
These agencies began calling me non-stop, demanding I fix the heater immediately and provide the tenant with hotel accommodations during the repair period—or else I’d be issued tickets and face daily fines.I won’t go into detail about how I feel, but anyone in my situation would feel like they just swallowed a bitter pill.
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21 February 2025 | 102 replies
It sounds like a very interesting way of investing and I would love to see someone that has used them do a detailed post on their entire experience with them, especially someone that has been using them for a long period of time.
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2 February 2025 | 9 replies
(your 55 days of vacancy was for the most part the holiday period).Vacancies are pretty high and based on BLS statistics, population growth has been flat.