Remy Piazza
Is anyone working with or has worked with Wicked Smart REI Coaching program?
20 January 2025 | 6 replies
They will match effort for effort jumping on seller calls and helping you close deals, walk you through contracts, make connections to attorneys, etc.
Pilla John
Curious Question for Fellow Owners!
19 January 2025 | 1 reply
I’m asking because finding the right match has been a bit of a journey!
Remi Anders
Is only PO Box address acceptable in rental history?
30 January 2025 | 3 replies
Provided W2/Paystubs/references and credit report matches previous rental addresses.
Perry Lierman
Should I form an LLC?
24 January 2025 | 6 replies
Quote from @Perry Lierman: Thank you, this is perfect!
Tristan Kelly
First MF purchase in Cleveland OH
29 January 2025 | 11 replies
Multiple people had some bad things to say about the area, but when I moved and realized that it was a low income area with a lot of homeowners, I was motivated to improve the property to match the effort my neighbors have put in.
Kristen Haynes
Charlotte is expected to grow leaps and bounds in the next 25 years
25 January 2025 | 2 replies
“Few regions can match our economy, professional opportunities, affordability, location, and quality of life,” researchers said in a statement.Here are some of the highlights from findings.Growth projections in the Charlotte regionGrowth continues in MecklenburgMecklenburg County is currently home to 1.2 million people.
Atif Khan
Looking to build some new spec homes
22 January 2025 | 3 replies
basically if anyone has any tips when it comes to researching plots of land in order to make the right purchase i would greatly appreciate it get with a realtor. we underwrite land at no more than 10% of after built value. in our market we build under the average new build value which is about 515k. we like to be around 420-450k and smaller footprint about 1500 sq ft with attached garages. we build close to urban core where everyone wants to live and net migrations match up. but suburban is fine. if you give more context I can help but in most markets land is a buyers market. most people aren't looking at it or buying it.
Felicia Vinces
What makes a good seller financed deal?
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.
Cody Caswell
2025 Design Trends to Use on Your Flips
22 January 2025 | 2 replies
Giving something fresh to the bathrooms rather than just matching the kitchen cabinets really gives the space a custom feel.2.
Collin Hays
I fired dynamic pricing today
28 January 2025 | 14 replies
I find the interface easier to manually update rates across my portfolio, OwnerRez doesn't easily let me match rates across my properties on a spot basis (unless anyone here has other recommendations that uses OR).