Leonard La Rocca III
Conventional Lending Out of State
31 January 2025 | 6 replies
You typically will see small banks/credit unions probably wouldn't be able to out-of-state, but otherwise any mid-size company or larger should be able to.
Preethi S.
Difficult Property Management company
3 January 2025 | 8 replies
.: Hi there,I have an investment property in Atlanta and over the past year, the property had major challenges due to squatters.
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Tanner Davis
Learning about real estate investing
23 January 2025 | 10 replies
Plus, if you aren't able to get approved with what you've got now in terms of savings, credit, etc. you can learn on what you need to qualify so you know what to be working towards.
Jon Ankenbauer
Best Way To Transfer Land From a Family Member
28 January 2025 | 8 replies
So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.
David Lewis
Boston - Has the ship sailed?
23 January 2025 | 45 replies
What happens if he has a major expense?
Katie Flynn
HELOC on Investment Property (NY)
21 January 2025 | 3 replies
Most banks won't want to come in with a line of credit that is second lien on the property.
Joshua Parsons
Really long distance investing (International)
19 January 2025 | 46 replies
But Southern Italy is not representative of the majority of Europe.
Fumi Maher
Seeking advice for aouse hacking strategy in Austin
29 January 2025 | 9 replies
Lets review some major points as they are pertinent to my advice.1.
David Shives
Dscr Loan Broker
31 January 2025 | 1 reply
I have a good credit score and experience in managing multiunits