Yongming Huang
Why are real estate agent commissions so high in the US?
10 July 2024 | 87 replies
Which to get those had system that provided resources to 1,800+ website visitors etc..
Brett Riemensnider
Construction Clean Up
2 July 2024 | 3 replies
Hey Brett,Dumpster Rental Options:Dumpster Size: An 11-yard dumpster is suitable for a 750 sqft unit remodel.
Damion Brown
Heloc Vs Hard Money Loan
1 July 2024 | 6 replies
Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.
Mickey Scott
Creative Financing/Relocation for new job in Florida
29 June 2024 | 10 replies
In some cases yes, in most cases, that is not suitable for alot of people.
Jose Alejandro Hernandez
Should you buy a rental property out of state for your first?
27 June 2024 | 14 replies
They can offer insights into the market's intricacies, help you find suitable properties, and navigate the turnkey process.Visit & Familiarize: If possible, plan a visit to Cape Coral to familiarize yourself with the area.
Bernard Golden
Real Estate Professional Time Tracking
26 June 2024 | 14 replies
Looking for recommendations for a time tracking app suitable for real estate professional status qualification.
David Rutledge
airbnb friendly metro areas
26 June 2024 | 38 replies
I do not want to go into another vacation market but rather a metro area with a more diversified economy again just to get into a different type of asset.That being said I do want to continue to short term rent the next few properties we get at least in the first few years of ownership in order to increase cash flow to combat these higher prices and carrying costs before potentially converting to more passive long terms down the line.Therefore I am looking for markets that 1) have a decent draw of visitors year round 2) have regulations that allow strs in some parts of the city 3) Are in growing cities in the west or south.Below is a list of markets I have identified as potential places to look and I was hoping to get some insight from either other investors doing the same thing or agents/investors in any of these markets on whether this is potentially a good market to explore or not.1) Salt Lake City (this is right at the top of my list due to its proximity to ski resorts, expanding of the airport and long term strategic business planning of the area but I have very little knowledge of this market)2) Denver 3) Phoenix (used to live in AZ and like the fact that the state of AZ seems to look favorable on strs)4) Tucson (see above but lower home prices/potentially less appreciation)5) San Diego/LA (these are attractive because of their proximity to my home in Irvine)6) San Antonio (love that it is very close to the booming Austin and feel that this is a market that could see some real growth in the future)7) Tampa/St Pete (I have always been very interested in this market for both short term and long term rentals)8) Raleigh (have invested in Charlotte and love NC but again very little knowledge on this area)Any insights or advice on any of this would be greatly appreciated.
Eric Wood
New aspiring RE investor in Pittsburgh PA!
27 June 2024 | 17 replies
They can help you find suitable properties, provide market insights, and guide you through the buying process.Our good friend @Richard Clark is a fantastic agent in the local market there- and he is an investor himself.
Natalie Schanne
Help!!! My spouse doesn't want to house hack and I REALLY do!
28 June 2024 | 21 replies
When touring with investors, I have seen 0 suitable for my family.
Mary Jay
Do you rent to people with bad credit?
26 June 2024 | 17 replies
Persistent late payments, credit accounts in collections, etc are what shows me they are not suitable applicants.