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28 January 2025 | 0 replies
Time ManagementReal estate can consume all your time with endless tasks—client meetings, marketing, and paperwork.
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23 January 2025 | 10 replies
Meeting a 20% down payment to avoid PMI seems manageable, although would take a big chunk of my liquid net worth, and I prefer this route over using an FHA loan.
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30 January 2025 | 5 replies
This isn't totally necessary, but meeting property owners if you need to is a great way to win a deal
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1 February 2025 | 3 replies
It as definitely a way to limit showing and determine if people meet those minimum requirements prior to a show.
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15 January 2025 | 3 replies
I am not aware of any meet ups in Gettysburg.
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3 February 2025 | 1 reply
You Get Experience"When the man with experience meets the man with money, the man with experience leaves with the money, and the man with the money leaves with an experience."
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21 January 2025 | 1 reply
Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.
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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.
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22 January 2025 | 11 replies
It’s always fascinating to meet investors, learn about their careers, and hear how they got into real estate.Do you focus solely on STRs?
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23 January 2025 | 2 replies
There are a few options(1)You can get connected with the larger wholesaler firms in the area (2) go through PCPAO site and skiptrace the buyers of similar properties as yours, (3) hunt down the agents involved in the sale of properties similar to yours or go to local REI meetings and pitch it to the investors there.