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12 February 2025 | 9 replies
Visiting parents and college sports fans are coming to town no matter what, so the key is making your STR feel like the obvious, no-brainer choice.
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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10 February 2025 | 9 replies
Identifying and addressing JV pitfalls is definitely key for money partners.
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25 January 2025 | 3 replies
But there are a few ways to shake things up:Cash for Keys: Offer them money to move out.
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25 January 2025 | 12 replies
Hopefully, not an expensive tenant or Fair Housing lawsuit.100% of what @Travis Biziorek states is true, but he left out a key fact - he lived in the Detroit area when he started investing here, so was able to self-manage and meet everyone he had to hire face-to-face.
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30 January 2025 | 1 reply
Anticipating guest needs is key to securing great reviews and repeat bookings.
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22 January 2025 | 1 reply
Real estate can really change the game, and finding the right properties with smart financing is key.
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26 January 2025 | 12 replies
Is the higher price agent inflating to get the listing or is the lower price agent just not keyed in well enough in the specific neighborhood?
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9 February 2025 | 32 replies
Trends in housing change.
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23 January 2025 | 2 replies
Is the higher price agent inflating to get the listing or is the lower price agent just not keyed in well enough in the specific neighborhood?