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16 January 2025 | 10 replies
Typically this means they will take longer to close, may not have all the information for the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.What is your investor success rate?
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23 January 2025 | 9 replies
And the cracks mostly follow the drywall seams from what I can see, which is typical....And as @Patricia Steiner said, it doesn't look like a pro installation....You could ask the Contr to use a flexible compound if this happens again, or maybe even now...https://www.dap.com/products-projects/product-categories/pat...Like everyone else said, I'd have it repaired - by a licensed Drywall Contr. - and then just check in on it.
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17 January 2025 | 6 replies
These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).
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25 January 2025 | 24 replies
Also, banks typically use a valuation process that does not favor the BRRRR strategy.
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20 January 2025 | 6 replies
Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.
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25 January 2025 | 6 replies
This helps you stand out from the typical lowball inquiries the agent may have received.After the walkthrough, if you’re ready to move forward, explain your reasoning.
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24 January 2025 | 7 replies
However, a wall sitting on top of conc. is not typically allowed however, there are work arounds.
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29 January 2025 | 5 replies
For the multi-family, lenders typically count about 75% of projected rental income toward your debt-to-income ratio, which should help if the property is cash-flowing.
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27 January 2025 | 12 replies
Testing the entire BRRRR process to see if it's the right strategy for me long-term.building equity through rehab and build out will be best achieved with a lower priced cash purchase---typically wholesale. or word of mouth. depends on the region though. lots of ways to hunt for good BRRRR candidates, but hunting on the MLS typically wont get you low enough prices to make sense....My brother-in-law, who owns a landscaping company in Lee’s Summit, works with a lot of local builders and has been a huge help...This sounds like a great resource for finding subs that will do the work for you independently. most subs can do other types of work as well.If you’ve worked with trustworthy contractors or subcontractors in the Jackson County/MO area (especially those familiar with investment properties), I’d love your recommendations.
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12 January 2025 | 20 replies
@Matthew Drouin had a great reply:"Typically 50% of revenue is going to go right to operating expenses on small multi family.