
13 September 2024 | 24 replies
I generally agree that homes in Cleveland should be tested for lead.

16 September 2024 | 21 replies
Needless to say, multiple times they were not able to pay and we had to use all the reserve funds and sent them notice of non renewal.
17 September 2024 | 3 replies
I am doing this completely remotely, which has been a massive pain/lesson learned (topic for another day).I signed a very high-level agreement (i.e. expectations simply say "drywall and paint") with him for drywall and paint work at my home for a total of $10KI have paid $5K as a down payment as well as ~$2K in materials over time, as neededThere have been multiple break-in's in the home, and he has done me favors of working with the police, and boarding things up.

16 September 2024 | 9 replies
Given the uncertain macroeconomic environment, I'd also really like to find a market where multiple investment strategies can be used to mitigate risk should I need to pivot quickly.

16 September 2024 | 13 replies
On a regular basis I call/text/email an agent to ask pertinent questions to make an offer and never get any response even after multiple attempts.

16 September 2024 | 6 replies
Set up Zillow alerts for all small multifamily that "sell" (when properties transfer ownership landlords will be more open to talking) Network with small multifamily relators about buildings that are under renovations and will have multiple units coming up that need to be filled (problem) where you can "pre-lease" the unit and pay the landlord the 1st day it's available (solution) Look up commercial landlords that own strip malls and see if they have any residential properties.

13 September 2024 | 24 replies
The key is to test, test, test until it works.

16 September 2024 | 13 replies
When you have STR like airBNB or VRBO DSCR does allow that income unless you can provide a previous 12 month rents received or a print out from VRBO.The alternative to that is if the lender or UW will allow the appraisal to use MTR/STR income/rent schedule if the rents and property is common to the area in terms of rent available for the apprasier to show proof.My advice to you is make sure you do your home work and deal with a seasoned Banker or Loan officer that funds multiple DSCR loans per month.

17 September 2024 | 17 replies
Its really going to come down to multiple factors, including your personal situation/strategy but it appears you are definitely thinking about things in exactly the right way.I'd say since it doesn't seem to be an "urgent" need - I'd advise talking to some lenders and since the rate environment is still moving quite a bit, settle on a interest rate / points combo that is "your number" and when market rates move down to that point - have the lender contact you and get ready to go, and just wait until that occurs

15 September 2024 | 4 replies
My market is tricky for finding contractors and the really good ones are booked 1-2 years in advance so just bringing on multiple projects would not do me any good.