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5 February 2025 | 2 replies
I will be based out of Aston and will be trying to focus mainly on the Delaware County area to start my career.
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21 February 2025 | 9 replies
There are many loan officers who will intentionally lowball all the third party costs and prepaid items up front so their estimate will look more appealing.If you really want to compare multiple lenders then you just need to focus on the part of the transaction that the lender controls.
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4 February 2025 | 10 replies
The BRRRR strategy, which stands for Buy, Rehab, Rent, Refinance, Repeat, focuses on long-term investment, while the Fix & Flip approach involves purchasing, renovating, and selling properties for a profit.Investing in Airbnb rentals presents a distinct set of challenges, requiring active management and a thorough understanding of local regulations, but it also has the potential for higher returns.Here is a concise overview of the advantages and disadvantages of each method:Fix & Flip:Pros.- Potential for quick profits - Enhances property value - - Adaptable to market trendsCons.- High risk - Time-intensive - Requires substantial capitalBRRRR:Pros.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.
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21 February 2025 | 4 replies
To get started, focus on getting prequalified, networking with investor-friendly agents, and exploring seller-financing opportunities.
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14 January 2025 | 9 replies
Personally (as a STR-focused REALTOR), I would never give you numbers and tell you you can hit them.
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5 February 2025 | 4 replies
What’s your main focus, or what are you hoping to get out of your journey here?
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21 February 2025 | 7 replies
Focus on getting pre-approved, analyzing deals in both cities, and networking with local investors to refine your approach.
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24 February 2025 | 25 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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18 February 2025 | 8 replies
It is really good that you are trying to find a focus.
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12 February 2025 | 43 replies
They say that they focus on the BRRR method, they handle the rehab (usually 90 days) and manage the properties.