Bob Asad
Wouldn't a Subject To Hold the Seller from Moving on?
2 January 2025 | 1 reply
I've been reading more about subject to and here's what I've learned:-Good for sellers who are off market-Have low to no equity-Have a mortgage with a low interest rate (less than 5%)-Be absentee or out of state (vacant property, or have a tenant)The buyer would then take over the mortgage payments, and have the seller sign the deed over to the buyer.
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.
John McKee
Looking back on 2024
3 January 2025 | 7 replies
He acknowledges he owes us $3.8 million and signs a deed to us to be filed if he doesn’t perform.
Nicholas A.
How many realtors to reach out to
27 January 2025 | 12 replies
Figure out a question set that helps dive into their expertise as investor-friendly agents, ask about their experience in the investment real estate space, and have them send you a few properties that could meet your goals to show that they can provide quality properties for your to analyze (hint: this is also good to see if they overpromised on their market [ex - Raleigh for cash flow]).Also with the new lawsuit, any agent that knows what they're doing will require you to sign an agency agreement prior to viewing a home.
Nathan Nathan
Help required to create LLCs in Wyoming/Georgia/Michigan
27 January 2025 | 11 replies
Also add if you are getting any type of loan on the properties a Wyoming LLC will not make you anonymous as you will need to sign the mortgage in your name:
Kevin Greer
Do you need a Realtor license to be a property manager in Colorado?
7 January 2025 | 9 replies
For example, for any lease-related activities (negotiating terms/pricing, signing lease, etc.) could I just have a real estate attorney on retainer to do these activities?
LaTonya Clark
Lender- 40 year loans
20 January 2025 | 31 replies
The secret is tenant selection, and finding good tenants in the program.
Adedayo Adetunji
Stranger occupied property without consent
8 January 2025 | 5 replies
Install cameras around the parameter of the property today; post no trespass signs; change your for rent listing.
William Stewart
Liability Insurance for room rental
30 December 2024 | 11 replies
The flexibility allows investors to select the coverage that aligns with their strategy and budget.When clients receive a proposal, they are guided through their coverage options by an expert team member.
Aeon Jones
Joining the Vodyssey Mastermind group for REI in STRs
8 January 2025 | 7 replies
I'm on the fence about signing up.