10 January 2025 | 5 replies
They might even be willing to front the money to rehab it and do a partnership with you to sell it too!
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5 January 2025 | 8 replies
They mentioned how Dom helped them narrow down neighborhoods for a multi-family purchase and even flagged potential zoning issues before they made an offer.
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7 January 2025 | 7 replies
Also consider all lenders will require to review your insurance when underwriting a loan and it's likely a violation of your existing loan documents to let the properties go uninsured even if they didn't require insurance escrows.
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3 January 2025 | 7 replies
Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips.
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8 January 2025 | 14 replies
However, they all require separate applications to even get an estimate.
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7 January 2025 | 4 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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5 January 2025 | 10 replies
I do not expect at least in FL that regulation will get bad enough to make STR impossible or even nearly impossible.
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3 January 2025 | 14 replies
This next investment for us will be our first venture into STRs (or even a MTR).
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5 January 2025 | 39 replies
If you can dump this property for break even, I would make that move as soon as possible.
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7 January 2025 | 6 replies
I'll looking forward to your immediate response.Please resolve this issue ASAP, our tenants have already submitted the rental payment to your Appfolio account $49,987.00(attached report), however it is NOT showing this amount in your account at all, not even mention transfer the fund to our BOA account.