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15 January 2025 | 10 replies
I still think if you're an investor, you need to run your numbers carefully.
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19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
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14 January 2025 | 10 replies
The 15-20 year run people had is gone, so be VERY careful with listening to some of these "real estate gurus." 7.
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16 January 2025 | 12 replies
I know you said you don’t expect anything major on the properties soon, but I would take a careful look at what is most likely to need to be replaced soon and figure out how you would pay for that if it needed to be done tomorrow.
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7 February 2025 | 41 replies
I’d like to add that it’s also landlord-friendly—licensing is not required and there aren’t any rent control laws in the state.Likewise, both Greg and Eric have already spoken at length about Montgomery, but I want to draw your attention to a few other under-the-radar markets in the state that also have the potential to cash flow well.The places I had in mind include suburbs outside of Huntsville proper, like Decatur and Hartselle.
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8 February 2025 | 14 replies
Especially any landscaping updates because tenants won't take care of it.
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3 February 2025 | 31 replies
I don't care if I'm ahead or behind of anyone else because my goals are not relative to anyone else's progress.I get your point that staying active keeps your skills sharp and that if you're active when others aren't you will have access to opportunities that they do not.
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16 January 2025 | 31 replies
I don't personally care about checks anymore so that wasn't an important feature for me.
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6 February 2025 | 27 replies
I would tread very very carefully here
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26 January 2025 | 11 replies
I also don’t like renting really nicely rehabbed properties, most renters don’t take care of properties as well as we would hope.