
11 October 2024 | 4 replies
Each time you refi bridge loan, dscr, etc you have loan fees adding to your expenses.

10 October 2024 | 14 replies
I don't know if the property was originally built as a 2 bedroom and somewhere along the lines another bedroom was added but not recorded for whatever reason.I had to file revised plans for my own property when I found it was not in accordance with county records and the changes would have to be approved.

8 October 2024 | 5 replies
Also, the LLC does NOT eliminate any personal liability on the next loan application which is a popular selling point by ill informed DSCR brokers on this board (but they rarely mention the higher financing costs that come with financing in a LLC) IMO, proper insurance coverage is a better choice.
8 October 2024 | 4 replies
This would also eliminate the need for gas at the property as you can go all electric in the buildingI am not sure on the cost per se.

15 October 2024 | 26 replies
Fully insuring you properties and adding a umbrella liability policy will probably cover you 99% of the time8.

9 October 2024 | 13 replies
The first steps are to grab some yellow ‘Rent to Own’ signs, get your ads up on Facebook, Craigslist, Zillow, and just keep putting the word out there.

9 October 2024 | 17 replies
We're finding houses for buyer not buyers for houses" finding buyers first eliminates most of the guess work and you can hear your property search toward what your buyers actually want rather than tying a property up under a contract and then finding a seller that may or may not be interested in your deal cuz it may or may not be apart of their criteria.Sorry for the overly winded comment.
9 October 2024 | 4 replies
I'd recommend to first look at where you'd like to invest it to see if it's feasible or if you need to adjust your buying criteria.If you're not in the market for something new then I'd look into adding an ADU on the lot and upgrading the windows on the main unit to triple pane glass so that the noise doesn't bother your future tenants.

12 October 2024 | 9 replies
There should be more margin to compensate for the headache, added risk of damage, excess turnover etc.

9 October 2024 | 2 replies
Wayfair--every time I fill my cart online I reach out to the rep and ask for added discounts on top of the pro discount I already get.