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22 January 2025 | 5 replies
It is digitally monitored so they always know the level and so do I with the app.
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5 February 2025 | 4 replies
Cross-Collateralization – A lender may finance the full $160,000 purchase by using your existing properties as additional security, lowering their risk and possibly reducing your down payment. 5.
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27 January 2025 | 0 replies
Once we lowered the price to $1 less than everyone in town we filled right up.
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3 February 2025 | 11 replies
BPCON attracts investors from all experience levels, including folks looking for their first or second deal.
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3 February 2025 | 6 replies
In-person interactions are great for building trust with potential investors.Real Estate Platforms:BiggerPockets: A robust platform for connecting with private lenders and investors.Fund That Flip, PeerStreet, Groundfloor: Online platforms connecting investors with real estate projects.Social Media Groups: Facebook and LinkedIn groups dedicated to real estate investing often have private investors or lenders looking to connect.Personal Network: Often overlooked, but friends, family, and colleagues may know individuals interested in investing.Private Money Brokers: If you're working on wholesaling deals, you may find brokers who have established relationships with private money lenders.Real Estate Agents: Some agents have connections with private investors, especially those focused on investment properties.For your 50% LTV, it's good to approach investors who may be interested in lower-risk, high-equity deals.
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2 February 2025 | 20 replies
There is low inventory, lower sales volume, and high interest rates, and as a result many people are sitting on the sidelines, either intentionally or forced.
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7 February 2025 | 14 replies
There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!
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20 January 2025 | 1 reply
Since I have a fixed-rate mortgage, I understand this wouldn’t lower my monthly payment but would shorten the loan term by reducing the principal faster.
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7 February 2025 | 7 replies
I think high risk dogs might not be worth it Maybe lower risk pets could provide a pet fee and give me a bigger tenant pool without such a high risk.Thanks for the advice!!
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7 February 2025 | 10 replies
The rust belt has been wonderful for out of state seeking better rental property returns due to the lower purchase prices and cashflow potential.