
20 June 2024 | 10 replies
The unfortunate thing I sometimes have to explain to my client is that what they "want" in rent isn't always what the market will bare.Long term the real goal is to put tenants in place who will respect the home and remain your tenants for a long period of time.

20 June 2024 | 26 replies
Over a portfolio of homes, over a period of time, the expenses not including financing cost, will be about 50% of rents.

18 June 2024 | 6 replies
Hey Julian, As others mentioned, DSCR loans will be underwritten based off of the appraised value or cost basis (purchase price + documented rehabs) depending on seasoning period when you are looking to refi.

18 June 2024 | 17 replies
For the most part, the closing process was streamlined and efficient.

20 June 2024 | 23 replies
Market Appreciation is where you will make the most money over a 10-year period but is the least predictable.

19 June 2024 | 18 replies
Hey mate,Thick skin is needed on this forum and in business in general 🤷♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do.

17 June 2024 | 1 reply
What's super annoying for me is that I used to be able to say "period" and it would add the . for me, now there's no way that Ive figured out to get that to work again.

20 June 2024 | 245 replies
Consumer spending is almost always up between those periods.

20 June 2024 | 30 replies
I know of a lender with no seasoning period.