Hector Lewis
Sell or Continuing Renting out Single Family Home
29 January 2025 | 5 replies
With 40-60K in equity you could explore selling to reinvest but it depends on what deals are out there compared to yours
Felicia Vinces
What makes a good seller financed deal?
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
John K Smith
Property Management Fees in Rochester, NY
19 January 2025 | 2 replies
I don't know their fee breakdowns, but I can send you over a few to compare fees.Preston Garcia
Martti Eckert
Long Distance BRRRR in Ohio
17 January 2025 | 22 replies
Columbus has some solid fundamentals like job growth, population growth, and entry prices that still make sense compared to rents.
Chris Agun
Using home equity to finance a multi-family
2 January 2025 | 5 replies
The problem you may run into is the lower appreciation rates compared to the South.Considering Commercial Real Estate:Have you looked at mixed-use properties?
Rereloluwa Fatunmbi
Seeking Advice to Improve STR Performance in East Downtown Houston
22 January 2025 | 22 replies
You’ve taken strong steps by hiring a reliable cleaner and listing the property across multiple platforms.
Lisa Sessions
Need new property management - Enterprise, AL
2 February 2025 | 2 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
Jack Pasmore
The Importance of Underwriting. Is Automation Effective?
31 January 2025 | 9 replies
For example how many units in your comparable are classic vs Platinum.
Jose Morales
Can I do a portfolio loan on my 5 low valued rentals?
31 January 2025 | 4 replies
Unfortunately due to the property values, the cash proceeds will be disproportionately impacted by transactional costs associated with the financing (doc prep, appraisal, recording etc.) which will also hurt the available proceeds compared to the same LTV financing of higher value real estate that can better absorb these transactional costs.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
31 January 2025 | 120 replies
Additionally, seek out testimonials or referrals from other real estate clients to gauge the CPA's expertise and reliability.