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31 May 2024 | 149 replies
I think real estate has a lot more seasonality than folks given attention to.
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29 May 2024 | 36 replies
Any tips on filling Vacancies, Arbnb experience, high or low rental season strategy?
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26 May 2024 | 16 replies
You need to find a good Property Management company to keep you're place rented for seasonal rentals or long term rentals.
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27 May 2024 | 3 replies
How do you balance the workload between seasoned agents and newcomers?
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27 May 2024 | 7 replies
Yes I'm a seasoned agent, but I'm not here to pitch for your business, I'm here in a personal investor capacity.
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27 May 2024 | 14 replies
Chicago landlords be sure to raise your rents in 2024 spring season.
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26 May 2024 | 0 replies
Refinanced after seasoning period with forced appreciation as well as more favorable comps once we arrived in the spring home buying season vs winter selling (when purchased) How did you add value to the deal?
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27 May 2024 | 11 replies
Couple options that might be viable for you (I don't know all of your circumstances)- BRRRR into a DSCR by creating equity; partner closely with a lender before starting on this to cover seasoning and other requirements - also this will only work for an investment property, not a primary- bank statement loan/1099 loan may work if you can put at least 10% down and want a primary residence - will depend on how you're operating and a few other variables- seller financing; find a seller willing to carry a note for a few years- co-borrower; someone with decent income and credit who will be on the loan with you- DSCR purchase; be prepared to put down at least 75% or your rate/pricing will be horrible (70% is better); many lenders will have experience requirements; investment property only- find a private lender willing to fund the loan you need- get a salaried job relevant to your college coursework; your fico is strong and you have some cash, so househacking could be within reach via Fannie/Freddie multifamily purchase; get a solid workup from a competent lender before going this route as employment history will be touchy with this routeHard money can be used for an acquisition and rehab, but make sure your takeout financing plan is bulletproof before getting hard money.I'm originally from Baton Rouge.
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27 May 2024 | 28 replies
Also the last thing I have to say about this halfway house over house deal they did have a place where you could go during the day to help you build the resume and to give you some resources and they had a place around the corner that helped me with clothes because everything that I owned was in a New Jersey and I had nothing in Pennsylvania not even a phone and it took a person from an NA meeting that I met to give me the money so I could put the money to get a phone so there's a lot to this recovery house sober house living and resources and accurate organizational guidance is required to help a person it was really ridiculous but it showed me the system it showed me the money that these houses were making how many people were in the houses and the ins and outs of what to do and what not to do if you were running one and how to actually help people.. people get frustrated irritated and give up and go back to their old life because of the way it's run handled structure of the program it's overwhelming and it's a setup for most people with addiction to go back to their old lifestylebecause of all the rules regulations no guidance strict and no reason for kicking a person out of the house when they don't have anything even a phone I could have done so much more being able to have a phone guided to me where I was able to do a lot of online applying and I would have been more successful if I would have been able to sit in that house and have a computer sitting there where I could have built my resume where I could have done everything that I did at this other program that only gave me One benefit and that was acupuncture during one of their structured meetings that had someone come in and do things for people with addictions it wouldn't be hard for a sober halfway house to let a person hang out but make them do things during the day productive for work and then if I needed to get places I didn't have any money so I couldn't even barely get on the bus and I even got lost getting on the bus trying to get to a job interview and I got so lost and it was so much walking and it was so much energy that I was late getting back to the recovery house and I was going to get in trouble but like I told them I got lost I called from someone else's phone but it was very confusing it was a lot of navigating and I found the sober house and I left and when I went to the sober House it was kind of the same situation trying to get around trying to find the job and when I went to a meeting I met a gentleman who was interested in me sexually he was only being nice because he was trying to have sex with me but he was able to at least help me with a little bit of money so I could get a phone it was sad it was depressing it was enlightening and there's a whole other way to do it just because someone's sober doesn't mean that they Don't have other addictions that are just as bad as being drunk or high I've noticed people can say that they're sober for 20 years but they have a sexual addiction or they have a spending addiction or they have other issues and being sober doesn't mean that you're right in the head because half of the people that are sober are still mentally screwed up in other ways they just don't know it admit it or acknowledge it and a whole other way needs to be shown to have people truly successful in the matrix but you're supposed to be out of the house during certain hours You're only supposed to be looking for a job supposedly I got in trouble for going and getting groceries because I finally got food stamps The the director of the house came over and tried to be on my *** because during the time I was supposed to be finding a job supposedly even though I try to find a job for 4 hours and they only sent me to the library and at the library you got to have a library card to use the computers it was all a joke but I was getting groceries and I was seeing walking down the street with groceries or at the grocery store down the road from the library and I got in trouble just for getting groceries because I was sick and tired of eating the crap that the people were eating in the house and the food that was in the house it was all processed and I was into vegetables there was no vegetables it's a crazy game and if we're really trying to help people if the nonprofits are trying to help people they've got to have all the resources in that house and available at all times to cater to a person so they can be successful The way everything is organized and run by what I have seen being in two halfway houses and one sober house in a whole state where I did not live or have any help or any resources as far as people showed me what to do to help people be successful and what would have helped me number one if I would have had a phone from the beginning I would have been able to gravitate things but you go two weeks without a phone actually 3 weeks without a phone in this world and you don't know the area and no money how are you going to get to where you need to go if you don't even know how to get there if you don't even know how to get on the bus and navigate the bus and you don't have a phone to help you it's crazy something as simple as getting me a phone right away would have helped something as simple as a computer in the house where I could have done the resume where I could have done everything that I took so many hours every day getting on a bus going to the place where I could do things on the computer and then coming back cost me money time energy and frustration having lists of all the resources in the area having a phone clothes computer and guidance would have changed the course of what I went through and I would have been successful but instead I wasn't and I went through a lot of chaos with other individuals living at the house and being lied about and getting kicked out and going back to my old life so it was a disaster in the long run and frustrating and a lot of people are not successful in those situations because of the structure 3 to 5 meetings a week is ridiculous especially when the meetings aren't close to where you're at and you have no money and no transportation and you meet people that may be sober but in the long run they're still screwed up in the head and only program you with using again
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29 May 2024 | 64 replies
If your area is anything like mine, you can probably reach out and find a half dozen older guys who have done this for so long that evicting a loud felon is no big deal.