Nate McCarthy
How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
Nicholas Woo
what are your thoughts using Anderson advisors?
21 January 2025 | 31 replies
They run a tight ship and their advisors are available from 9-2 PT in a zoom room for any questions I may have.
Bob Willis
DSCR for acquisition of existing PadSplit
16 January 2025 | 21 replies
Getting a DSCR of 1 in some of the higher tax counties of Georgia is tight, but we've been able to get through them.
Kevin G.
Investing out of state doing BRRRRs
27 January 2025 | 12 replies
It can be done in smaller towns, but the margins are still very tight.
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 6 replies
The underwriting is also very tight.
Jenna Schulze
Investing in Findlay
10 January 2025 | 1 reply
Over the years, I’ve seen how a tight knit community sometimes means less competition and more welcoming neighbors.
Kyle Schachsieck
Thinking of refinancing
31 December 2024 | 10 replies
We are in the Tampa, FL area.
Shayan Sameer
Fix n Flip 70% rule
3 January 2025 | 45 replies
On higher value we are willing to stretch if need be as there’s more room to cover unknown issues.
Philip Anderson
Investments in ventura
8 January 2025 | 5 replies
@Philip AndersonMultifamily properties in Ventura can perform well due to the area's high rent demand, but inventory can be tight.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
19 January 2025 | 119 replies
We are filling up fast for the 2023 season but I can always squeeze in a few more folks from the bigger pockets family :D