Brett Coultas
New member introduction and host financial question
21 January 2025 | 8 replies
So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Eddy Rios
How does Private Investing work?
27 January 2025 | 6 replies
Hard money and private investing are both ways to finance flips, but they work a little differently.Hard money loans are typically from companies or private lenders that specialize in short-term, high-interest loans.
Gaetano Citera
New construction: Pre Fab or Stick Built
25 December 2024 | 4 replies
I've got plenty of experience in both site built and mod construction.
Oksana Burak
Bali Real Estate
21 January 2025 | 1 reply
I am going to buy an apartment in Bali which is in a construction right now and the price is a presale price.
Paige Corsello
Commercial Deals as an LO
26 January 2025 | 5 replies
The construction aspect of it, which many banks have swayed away from is the main piece you're going to be looking to find.
James Colgan
House Hack - Duplex
16 January 2025 | 3 replies
Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.
Blaise Bevilacqua
First deal (thoughts?)
27 January 2025 | 3 replies
-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate?
Celli Mowery
Who has interest in Kentucky?
10 January 2025 | 26 replies
Most out-of-state syndications or hedge funds wouldn’t typically consider the cities you mentioned.
Gregory Whitmyer
Choosing the Right Private Money Lender: Key Factors to Consider
23 January 2025 | 2 replies
Loan officers with 25 years of experience typically are more experienced, and have less time per file, because they have an abundance of files.Loan officers with 25 months of experience typically are less experienced, but have more time to devote to you.I can't write my own loans, so when I'm getting a loan I prefer working with less busy people when I'm doing my own real estate investment, they're more responsive and dedicated it feels like.
Mike Levene
House Hacking In Expensive Markets
16 January 2025 | 23 replies
.- Large remodels or construction projects (Live in Flip) can be self-managed, worked on directly, and the value add, after 2 years, is largely tax free up to certain limits. - Many areas around the country allow for ADU Construction - house-hackers enjoy similar benefits to remodeling projects by being naturally on-site for ADU construction.