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18 December 2024 | 12 replies
However, if you have the time and prefer to source properties on your own, I would highly recommend the following strategies:Connect with probate attorneysVisit property auctions: These happen monthly and, surprisingly, aren’t saturated with investors.Cold callingTarget LLC owned properties: Over the years we have seen an influx of companies purchasing SF for rentals/long-term holds and they failed to account for property taxes and an increase in new construction coming to the market.
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21 December 2024 | 14 replies
DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?
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18 December 2024 | 9 replies
Yes - you should be able to find some good DSCR Loan Options with 20% down easily - 15% down potentially available but the rates/requirements are pretty high on that front right now
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16 December 2024 | 5 replies
For instance, someone making $500k a year and living in a very highly appreciating market might be extremely happy on a deal that loses $200 a month but is getting 5% appreciation on a 2 million dollar property in San Diego, butut that doesn't make sense for the investor with 30k and a lower paying job.When it comes to the book series I agree with you that the order doesn't make sense (having read both).
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18 December 2024 | 29 replies
Given your residency limits, the high prices in NYC and surrounding areas are a challenge, but there are still options in neighborhoods further out within your allowed range, like parts of Queens, Brooklyn, and the Bronx.
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18 December 2024 | 23 replies
We paid ours off when our balance was $125k, but on a 15 so payments were fairly high at $1732 PI.
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17 December 2024 | 7 replies
Purchasing a new primary and turning my current house into a rental and looking to hire a PM but some of the fee's seem high. 1 quote - 100% 1st/month rent if i self-manager, or 75% 1st/mo rent and 10%/mo for PM to manage.Again, im new to this but from reading and talking to people there is a typical finders fee ~1000$ and 10%/mo rent if the PM manages.
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19 December 2024 | 5 replies
Adjusting for it allowed him to realize his property’s ROI was still positive but not as high as initially hoped.
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17 December 2024 | 9 replies
We respond to inquiries, but if someone did the things you suggested to try to track me down instead of following the advertised protocol I would disqualify you as crazy or a potential stalker or just high needs or high maintenance.
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15 December 2024 | 1 reply
My sister recently moved to HI, and I figured that might be an interesting market because of high rents and HCOL - although also high property values.