Nate McCarthy
How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
Sebastian Nadal
Looking to House Hack in Chicago for the first time
8 January 2025 | 6 replies
You also don't need to do a traditional long term strategy, is there a draw the area that playing host to a traveling nurse or other professional/student would be interested?
Robert Frazier
Your LLC could cost you $500 per day if you don't comply with new FINCEN reg by Jan 1
1 January 2025 | 4 replies
.: https://natlawreview.com/article/texas-federal-court-issues-nationwide-injunction-against-enforcement-corporateYep we shall see how this plays out
Shakthi Kamal
Is a min of 2% rent to price ratio needed for positive cashflow in today's market?
6 January 2025 | 2 replies
In playing with the numbers a bit, I'm seeing a trend of atleast 2% rent to price and (ideally) < 7% mortgage rate needed to achieve a decent cash on cash rate.
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
So if you had 20 of them, you're talking about a huge retirement kicker that you can build.If you're up there higher in age (i.e. 40's or 50's), then the long play doesn't make as much sense.
Bill Goodland
Favorite Tools for Building Distressed Owners Lists
15 January 2025 | 13 replies
U can target any real estate although its quite robust for what your looking for.. we go for land and development land for the big money plays
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
Then, once you incorporate an entity structure, that will play a part as well.Hope that helps!
Ashley Snider
Hello! Starting on square one!
6 January 2025 | 11 replies
This platform has played such a key role in my journey over the years.
Dalton Foote
Value Add MultiFamily
13 January 2025 | 21 replies
Dalton,A multi LTR strategy sounds like a great play for 2025.i would suggest attending any and all REI meet ups in your area that you can find; my brokerage hosts a bunch of them up in the north east and it's been huge for our growth.i would also suggest finding an investor focused agent.
Benjamin Carver
Building an ADU in Raleigh NC: Here's What You Need to Know
6 January 2025 | 8 replies
So it can be good for cash flow and building in tighter spaces but it is less of a equity play in today's market if you're looking to sell right away