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10 January 2025 | 4 replies
Also make sure you are comfortable with some holding costs if the units don't get rented right away (if vacant).Also look into if there is rent control in the area that the property is located.
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24 January 2025 | 0 replies
It’s ideal for investors with some experience in real estate who are comfortable managing renovations and dealing with tenants.If you're a beginner, you might want to start with a simpler buy-and-hold strategy or partner with experienced investors who can guide you through the BRRRR process.
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6 February 2025 | 87 replies
Buying quality assets that are in a desirable location and in good condition with a modest amount of leverage is IMO the only approach that I feel comfortable recommending.
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30 January 2025 | 19 replies
Very easy to get pulled into a bad property or an area you’re not comfortable with by listening to the wrong people.
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9 January 2025 | 4 replies
Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).
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15 January 2025 | 8 replies
Coghill they are trying to take care of several things:1) Approval to access credit reportsA video tour of my home office (required by the credit repository to show security, so access to office & computers is limited to avoid data theft)Credit checks on me and my partner (required by the credit repository to make sure you are not criminals looking to steal others' data)Copies of the deeds for every property we own (required by the credit repository to confirm you aren't just self-serving)A copy of my partner’s home lease and utility bills (required by the credit repository to prove his legal address, so they can pursue him criminally if he steals data)Business phone bills (required by the credit repository to prove an actual business)2) Approval to use banking ACH system to accept tenant payments and pay ownersBusiness phone bills (required by banking industry to prove business legitimacy)A signed letter from the bank verifying our accounts (to prove legitimate business banking accounts.
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29 January 2025 | 32 replies
Quote from @Gregory Schwartz: Quote from @Caleb Brown: Personally I would not feel comfortable with raising money unless I've done 5+ deals within that asset type.
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14 January 2025 | 329 replies
Attorney served the court paper to the tenant.
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8 January 2025 | 3 replies
I was thinking that the very thin hard carpet could serve as a sound insulation layer, and just installing click together LVP right over the thin carpet and the thin hard stick on tiles.
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14 January 2025 | 0 replies
Stay consistent with follow-ups, sharing updates on new opportunities.Pro Tip: Host a webinar or in-person event to connect with potential lenders and answer their questions.Why It Works:Credibility and transparency make lenders more comfortable investing in your deals.What Do You Think?