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2 February 2025 | 22 replies
It typically has pretty good rental demand with UCONN Law School, St.
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2 February 2025 | 9 replies
This is typically done 3x a year.Hire a company to deep clean the washing machine, drier, and dishwasher.Reimburse us for the combined 8 hours we have now spent on cleaning the home.Repaint the walls, at minimum in the basement.Prorate our rent for the days we are unable to be in the home due to the current issues and any repair time.Please let us know how you would like to proceed.Thank you,Sindy and Cary"You need a professional property manager!
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22 January 2025 | 5 replies
If so you need to fall into the guidelines (for the investor whos funding it) regarding non arms length transactions.The most common scenarios they typically prohibit are:- Gifts of Equity- Bailouts- Leaseback OptionsAt the end of the day it needs to be a legitimate transaction, with legitimate funds coming into close.
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30 January 2025 | 8 replies
For example, State Farm typically requires the latest inspection report for underwriting on multi-family properties that are over 30 years old.
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30 January 2025 | 4 replies
We typically see FICO scores in the 560-620 range for Class C, below 560 for Class D.Recommend only looking at convictions & evictions in the last 2-3 years, ignore older ones.Focus on the last 2 years of employment via YTD paystub and 2024 & 2023 W-2's.
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23 January 2025 | 24 replies
Typically those purchasing cash aren't inspecting every home, they're walking it or having their go to GC walk it and already know what they see that may be a concern.
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24 January 2025 | 10 replies
They're not typically the highest ROI, but if you are facing a large tax bill or are having trouble finding a replacement property within the 45 day timeline, a lot of our clients will identify a DST as a backup.
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24 January 2025 | 17 replies
Most on-market deals will likely not fit your investment criteria unless you allocate a substantial downpayment, often at least 30%-35%, or negotiate a price reduction that fits your requirements.Furthermore, while this is not the case for all metro ATL markets, my team and I typically see that a solid portion of the small multifamily space is comprised/orientated in neighborhoods of other small multifamily properties.
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19 January 2025 | 10 replies
The properties that I like the best are typically in the B/B- neighborhoods.
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28 January 2025 | 5 replies
No 1.75% funding fee so conventional loans typically have less closing costs.