
7 July 2024 | 89 replies
Unfortunately cash flow and unit count are the two metrics most are taught to chase which leads to buying in the lowest barrier markets lacking any fundamentals that are indicative of creating any true net worth or gains (with limited exceptions).

5 July 2024 | 4 replies
There are multiple issues with adu/jadu valuations:* Lack of sold comps with similar jadu/adu's and therefore, their value is not accurately reflected yet.* Appraisers with lack of skill or motivation (due to their low fees received or charged) which deters them from doing the work required for an reliable valuation.* Residential properties (2-4 units) are mainly valued by sold comps and not with the income approach, since these properties are typically not purchased for their income potential exclusively.* adu/jadu's add contributory value to the property as a whole, which may or may not = the cost to build them.

6 July 2024 | 2 replies
Eventually, people may start to default on their mortgage payments, not from a lack of being responsible, but because their basics of food, transportation, and medical, and insurance payments have all gone up.

6 July 2024 | 29 replies
I would ask yourself this question...Am I buying this service/program to change something about myself I know I can do but lack the confidence?

8 July 2024 | 35 replies
The local lender typically lives in the area and understands the market, which could help get you a more competitive interest rate, a timelier appraisal, and result in an overall more streamlined process.

5 July 2024 | 8 replies
The lack of a second bathroom may be a deal breaker for some buyers and therefore, result in appeal differences. this may be especially true in 2 story houses, where you have to go to a different level to get to the bathroom.

7 July 2024 | 42 replies
We went back/forth on his lack of logic and I just ended the call.To your situation, unless they filled out a adverse possession claim, beautified the home, or lived there 21 years, then squatter’s rights don’t apply.- As everyone said, get a lawyer ASAP for a civil and possibly criminal trial.

5 July 2024 | 0 replies
Tried to get back into the REI game to buy a rental in early 2022, but I was only looking in "A" markets (had a single realtor giving me all the advice), and competition was way too hot, so I hit the pause.

5 July 2024 | 19 replies
@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.

6 July 2024 | 24 replies
I really cannot stand lack of communication or lack of acknowledgement.