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19 February 2025 | 32 replies
When you say "section 8" tenants, are you looking at low-income housing tax credit type properties, or standard rentals that are in lower income areas and therefore cater to HCV tenants?
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2 February 2025 | 8 replies
Access to these, I do not believe requires a license, but it is in the thousands of dollars for access at the level you need.
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21 February 2025 | 2 replies
Of course if we refinance our DSCR loans we will have a 5% PPP which is not a fun pill to swallow but for some properties with a low LTVs, we're open to it.We need a loan product that is asset based.
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21 February 2025 | 6 replies
You need to remodel to about that level of finish to be competitive.
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19 February 2025 | 7 replies
Unless you bought in D class, very low appreciation area, you should be sitting pretty.
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3 February 2025 | 2 replies
If for aging population he might do ranch versus multi level.
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22 February 2025 | 109 replies
Not sure how one would make money on this. they are following the buy high sell low concept of investing. !!
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10 February 2025 | 12 replies
You could structure the deal with seller financing to bridge the gap.Possible offer structure:-Purchase Price: $170K - closer to actual value-Down Payment: Low or zero down to conserve cash-Interest Rate: 3%-5% - or better yet, 0% if the seller will agree-Monthly Payments: Interest-only or deferred until the sale-Balloon Payment: Full payoff in two years when you sellIf he wants $200K, you can still make an offer of:-$170K purchase price + $30K as a second lien due at closing-Seller carries $170K at a low interest rateHe would feel closer to his number, but you still keep within reasonable investment limits.2.
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20 February 2025 | 7 replies
It's no different than investors buying and negotiating low prices on distressed opportunities.
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5 February 2025 | 16 replies
You can try reaching out to a bunch of them but you most likely will get lackluster response if you don't show some basic level of commitment on your end.