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19 January 2025 | 10 replies
Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.
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14 January 2025 | 9 replies
When I had to switch Property Management companies, they suggested that I do include pets in my rental listing.
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9 January 2025 | 6 replies
Business loans typically won't let you purchase a property if you read the fine print.
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6 February 2025 | 2 replies
Building a 4,000-square-foot, three-story duplex with a 1,000-square-foot ADU could cost about $1.83 million, including construction and permits (excluding land).
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20 January 2025 | 10 replies
Now we are mostly scaling our business with larger communities but I've used many different creative finance strategies including seller finance, private lending, hard-money, collateral from other properties, and lease-options.
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29 January 2025 | 12 replies
@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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14 January 2025 | 15 replies
Right now, I’m seeing max LTVs closer to 80% on purchases, though before COVID, we sometimes went up to 85%.Also, keep an eye out for lenders who promise amazing terms but demand large commitment fees upfront.
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17 January 2025 | 9 replies
If you do have to move because of a job, you would be safest (in my opinion, i am not giving legal advice or financial advice), i would sell that property to ensure that you did not just purchase with the goal of moving out early and taking advantage of lower rates and lower down payments for purchasing your home as a primary residence.
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26 January 2025 | 12 replies
A good sign of an agent is how much business they are doing on the purchase and sale side.
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13 January 2025 | 5 replies
If you are going to finance your rehab then use a LLC to purchase and a rehab lender for financing.