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23 January 2025 | 16 replies
@Nick Am: Since you’re only going to manage your own rentals the S-corp/LLC is likely overkill.
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12 February 2025 | 0 replies
With this said, all went through fine I was contacted by the FHA representative about three months of owning the deal and I had to write a letter explaining why I had not occupied the premises.
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14 February 2025 | 9 replies
Hard money lenders focus more on the property’s value rather than your personal debt to income ratio (which traditional banks use) allowing for quicker approval and funding.
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24 February 2025 | 30 replies
That would be fraud and is a criminal offense.Just to be clear, you own 250 properties?
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20 February 2025 | 20 replies
Very communicative, hands on, and thorough with their property management.As some additional context, I own a few rentals in different markets and Michele's team is top notch compared to them.
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27 February 2025 | 20 replies
The bad ones will want 50% upfront, you'll have to plead for update pics, they'll find reasons to increase their initial bids (multiple times) and will want final payment before meeting you for final walk-thru.Many investor-friendly agents have NEVER owned a rental, so you can't really rely on their advice.
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28 February 2025 | 16 replies
I am the owner of DealMachine and take personal responsibility for making sure we communicate clearly and have issued a refund to you (the initial charge was April 2023 and it is 2025 now... sorry it took so long to see this).Direct mail is a hard cost, so when you send out direct mail, you get the first 20 free during the free trial.
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12 February 2025 | 8 replies
You've answered your own question.
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12 February 2025 | 5 replies
Who is personally going to be liable if the guarantees aren't met?
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24 February 2025 | 14 replies
We have our own team for our properties and we don't manage for third parties, but I do see the cost.