Clare Pitcher
Leasing In the Winter Months
20 December 2024 | 3 replies
@Clare Pitcher we do 12+ month leases to avoid vacancies Nov-Feb.If we take over an occupied property, evict or have tenancy-abandon a property, we first let the owner know finding a tenant will take longer than "normal".This opens up owners to understanding they may need to:1) Offer 3D tour and floor plans to stand out2) Price more aggressively or be prepared for aggressive price reductions3) Offer MoveIn Specials:- NOTE: we do NOT recommend offering a month of free rent that can be used at MoveIn.
Logan Pritchett
Creative Financing using a bank to buy a mobile home park
18 December 2024 | 2 replies
How many lots occupied and what were the lot rents?
Lenny Montesano
Young aspiring real estate investor seeking advise
3 January 2025 | 26 replies
With a natural in and use owner occupied housing, you could likely end up with 1-2 houses a year (each in a new city).The other option is when your baseball career is over, you will most likely end up back in your home town, so you could start the brrrr process there with maybe your parents checking in on the work the contractors and property managers are doing.Best of luck.
Cory M.
No W-2, Looking for Loan Options
21 December 2024 | 14 replies
If so you may have some full doc options which have the best rates typically and terms.Like others have mentioned you have DSCR loans too but this only allows you to purchase non owner occupied properties (not primary residence or second home occupancy type properties).
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
21 January 2025 | 35 replies
All together the units bring over $8k in gross monthly rent and we have no trouble keeping them occupied other that an annual turnover month.
John Williams
real estate advice for new home owner to grow portfolio
17 December 2024 | 4 replies
We are actually thinking about moving into the smaller unit. we are thinking if we should rent the main unit for long term rental or STR like airbnb but im afraid with airbnb, the non occupied days we may miss out on cash if its not rented out.
Armando Carrera
FHA House hacking risks?
18 December 2024 | 9 replies
Basically, you're saying your intent is not to move in, but with owner-occupant loans for lower downpayments, you will sign a statement certifying your intent is to occupy the property.
Ryan Carter
MHP in Virginia
19 December 2024 | 7 replies
Park is about 40 lots w/ about 35 occupied.
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
@Steve Powers is correct that these were mostly originated as owner occupied loans.