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22 July 2024 | 20 replies
Individual producers (say top 30% producers) will write +$40M in one year.This is not to say they are bad, but I'm not sure how you can conduct due diligence without seeing social proof.
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23 July 2024 | 18 replies
In my acquaintance's experience, one of whom has triple digit number of loans being serviced by them they have produced quality and reliable results.FCI is another large, well known servicer used by many people in the industry.
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23 July 2024 | 0 replies
Partner Driven was attracted to the Persimmon Lane deal in Shepherdstown, WV, due to its quick turnaround potential and strong profit margin.
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23 July 2024 | 12 replies
I found a couple of properties in decent school areas but it is pretty far from Huntsville and the P/R ratios are not that attractive.
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22 July 2024 | 3 replies
None of that shows on the rental history so it looks like the price has tanked and has attracted a lot of bargain hunters.
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23 July 2024 | 0 replies
The strategic location in a thriving market and the opportunity for a fast, profitable flip made it an attractive investment opportunity.
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23 July 2024 | 6 replies
Then from a "getting business" perspective you will be able to document your story and share it with others to attract leads.
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23 July 2024 | 4 replies
For example, seller may have 4.5% debt and so current NOI is worth more to seller than a new buyer who has to pay 6.5% debt.Seller finance is a great tool too.My only caution is to NOT overpay for a property in exchange for seller finance at an attractive rate.Here is a hypothetical say market cap is 7.0%.New conventional debt is 6.5%.But seller will carry at 5%.With seller finance at 5%: What price does one pay?
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23 July 2024 | 0 replies
If possible, making a cash offer can provide an edge in negotiations and speed up the closing process.For Sellers:Price Competitively: To attract buyers in a competitive market, ensure your property is priced right.
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23 July 2024 | 0 replies
If you can, making a cash offer can give you an edge in negotiations and a quicker closing process.For Sellers:Price Competitively: Despite slight decreases in the percentage of original list price received, pricing your property competitively can attract more buyers and lead to faster sales.Highlight Unique Features: With increased inventory, make your property stand out by emphasizing unique features and upgrades that appeal to buyers.Market Outlook:Stability and Growth: The market shows stability with moderate growth in single-family home prices and substantial increases in active inventory.