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.
Summer Shelton
Income from property considered when applying for loan as primary residence
11 January 2025 | 8 replies
On long-term rentals the bank likes to see signed leases which clearly you can't have with STR.
Ben Schuster
Advice & Feedback - Building Engaging Investor Lead Magnets
6 January 2025 | 0 replies
., signing up for an eBook in exchange for an email address) and was wondering if anyone has suggestions on lead magnets that have been particularly effective in converting interested parties into prospects.I’d greatly appreciate any advice or guidance you can share.
David Sohn
Buyers Rep Necessary?
7 January 2025 | 2 replies
In this option your agent would either get paid from you directly in your closing costs OR from the seller via seller concessions.like Russell said, if you are comfortable with the transaction and understand what you are signing and you don't need things explained and you have connections with inspections and title companies then go for it.
Cody Caswell
Save Hours at Home Depot + Lowe's
25 January 2025 | 7 replies
Easy sign up for a sole proprietor.I think new flippers are consumers & don't understand a business mindset.
Alecia Loveless
Referral Fee Question
6 January 2025 | 3 replies
New tenant must go through complete vetting, sign the lease, pay security deposit and rent, and move in, prior to the referring tenant getting their $100.
Ricky Hernandez
Turning a New Build into a Rental Property
6 January 2025 | 7 replies
My condition was that they rent the house for 1% of the costs and sign a 3 year lease.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
They have not responded again (other than sending the e-sign doc) since this morning.
Eddie Gonnella
Airbnb Hosting as an Individual or Business/Brand? Building to sell/transfer
16 January 2025 | 40 replies
Think of vehicles like the cyber truck where you need to sign up ahead of time to pre-order and so many people want it that the value increases shortly after they are released.
Sunny Wu
Tenant wants to break lease 8 months early
6 January 2025 | 6 replies
Put it in writing and have both of you sign it.