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.
Nick Rivers
How to become an expert underwriting deals?
19 January 2025 | 11 replies
That’s less about the numbers and more about developing a niche and understanding your product.
Jamie Parker
Vacant Lot Purchase
8 January 2025 | 7 replies
Quote from @Jaycee Greene: Quote from @Jamie Parker: @David Mares The short answer is to build and develop the area.
John Fleming
Property Management Reccomendation
14 January 2025 | 3 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
Tim Brinsek
Analyzing a Deal with Private Money Covering Part of the DP
31 January 2025 | 6 replies
I would confirm this first.Otherwise, I just use Excel and develop my own pro forma from there.
Christian Houston-Floyd
New Investor, buy and hold residential single family rentals
31 January 2025 | 10 replies
In my view, this trend is likely to persist and could be a strong demographic tailwind for a long-term investor like yourself.Specifically, Athens, AL—a city about 30 miles west of downtown Huntsville—was the #1 fastest-growing city in the state in 2023, so there’s a lot of growth, development, and opportunity in and around Huntsville proper.If you have the time, do some driving around.
Griffin Malcolm
Options for Using Two Vacant Plots of Land
10 January 2025 | 8 replies
Anyways, on my latest project, the title came back yesterday and revealed two extra parcels of land deeded to the seller under the property I was under contract for.
Daniel Carrillo
Introduction to Phoenix
30 January 2025 | 11 replies
My goal is to leverage equity through private money lending (PML) partnerships while building valuable relationships within the local investment community.How I Can Add Value:With 6+ years of experience running various businesses, I can offer high-level and detailed technical insights to help visualize and automate your operations effectively.For example, I’ve developed a dashboard that tracks company expansions across the greater Phoenix area in real time.
Zach Polen
How much demand is there for mid-term rentals in Denver?
24 January 2025 | 4 replies
One extra month of vacancy for the MTR could erase the surplus.
Renee Jean-Baptiste
Land & Rental Property Investor
17 January 2025 | 5 replies
I am also a project manager and a architectural designer for a real estate developer in NYC.