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Results (10,000+)
Garrett Brown A very simple way to increase your ROI inside your STR
9 January 2025 | 35 replies
An example of one package we have is a Romantic Package - $199. 12 Balloons (buy the helium tanks and keep balloons on site for your team or use a local shop)Rose Petal Entry Way (bought off Amazon)2 Dozen Roses (local grocery store for $10-15 each dozen)Led Candle Display (bought off amazon and reusable)I Heart U Signs (amazon and reusable)Champagne (or wine if they want)This equals around $60-70 each time and we pay our cleaner $40 to set up.
John Hickey Long term BRRR in Bed Stuy Brooklyn, NYC John Hickey
28 January 2025 | 71 replies
Might have a tenant that will sign a ten year lease and drop some money into the space.
Mike Levene Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
I took out a loan with one of my friends, wrote up a loan agreement contract that we both signed and paid him the interest on a property early last year. 
Adam Newman 10% down or 20% down???
23 January 2025 | 10 replies
Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.
Jack Larkin Lee Arnold's Capital Syndicate
21 January 2025 | 74 replies
But if it were the real check why would the company use a hand-written font and then somehow digitally sign it with messy cursive in the same exact ink style as the typed font?
Emily Mohr Best way to inform someone they are not qualified to rent your property?
9 January 2025 | 13 replies
Politely and clearly, make it extra clear that all information will be verified including income prior to the signing of any lease.  
David F. Co-op appraisal valuation
24 January 2025 | 9 replies
Its doubtful that the municipalities involved would sign off on a condo conversion or subdivision, as their aren't many rentals in the area.
Kyler Tarr Knob and tube wiring
27 January 2025 | 18 replies
Next Step: With with sparkies quote, I'd get that quote over to sellers and with an amendment all written up ready for there signing giving me a credit at closing for exactly that amount. 
Robert Quiroz Why are a lot of MFH being sold with rents under market
13 January 2025 | 30 replies
Let's assume that the neighborhood is a C class and the median income of the city is greater than 3X of the market rent.Here are some of the considerations I've come up with so far:- Units are in need of renovation and capex is too high or not available- Unit quality is not the same as market - Seller is worried about losing tenants due to increase- Vacancy rates are high or filling units have been difficult- Rent increase would take multiple increases over multiple lease periods to get to market rate if seller is trying to retain the same tenant- Seller inherited property and just want to liquidate- Seller needs to liquidate quickly (financial burden, sickness, quick exit from land-lording)It seems like I might be missing a warning sign about a deal if they are selling with current rents that are under market; but again, this seems to be most of the properties I've underwritten.And in the same vein, what should I be worried about when purchasing a deal with under market rent with the intention of raising them after purchase. 
Mike Montanye Deal Machine Customer Service
3 January 2025 | 14 replies
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