15 January 2025 | 5 replies
Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you .
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7 February 2025 | 40 replies
How much of a credit do they offer at closing to cover the servicing fee?
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16 January 2025 | 21 replies
Not a lot of our competitors offer this but it's something we can consider (but for us, it can't be in a rural area, the loan amount must exceed $150k, if we're using PadSplit income (or STR/MTR income) the max LTV is 75% and the down payment must come from your own funds).
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7 February 2025 | 15 replies
@Matt SchreiberWe always joke, "if you pay cash, everything cash flows"....There are still opportunities out there and we've been able to get way off of asking for clients here in Reno, NV with the right seller and right offer.
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1 February 2025 | 22 replies
Never go with one offer.
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7 February 2025 | 10 replies
Mainly because, while I think there are some that offer truly valuable information, you need to know where you "holes" are to make sure you are plugging those.
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17 January 2025 | 37 replies
They are very likely based overseas.
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30 January 2025 | 45 replies
And I was thinking the 2017 10 year was based on the market starting to really crash in 2007
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29 January 2025 | 6 replies
It even gave suggestions on what I could improve based on what my competition is offering.Link to the operator in action is here https://drive.google.com/file/d/1C1uTqgWGfs3AMsUdDWd0FOTbVFM...Quick tip: don’t pay the $200 for this just yet.
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15 January 2025 | 6 replies
If you got a sight unseen, off market offer it could be a low baller.