Tim Tafel
How Does Comping Software (Privy, Propwire, Propstream) Get Their Data?
15 January 2025 | 3 replies
It seems to me that they all whether paid of free, will all have the same exact amount of houses because all the transactions are all public and so they seem to compete with each other based on the quality of the data of the houses, how up to date it is, and the user experience in configuring the how the layout is.
Ryan Mcpherson
Rent out house and bleed for a while or sell it and hemorrhage once?
16 January 2025 | 23 replies
Also see if monthly gap might be lower as a mid- or short-term rental.
John Subick
House hack/ live in flip
16 January 2025 | 1 reply
This was my first deal, and house hacking made the most sense because it lowered the threshold for risk in my mind.
Bailey Rentz
Done with Stessa. Where should I go?
13 January 2025 | 10 replies
Since you mentioned REI Hub, I worked with REI Hub in the past and they had the same connection issues but their CEO is usually good about making quick updates to create a better user experience.That being said, there is no perfect solution out there regarding bank feed connections so I'd go with one you know and ensure the accounts are linked on a weekly basis to be confident every transaction is flowing through without interruptions.
John Keane
Where to find gap funds?
22 January 2025 | 14 replies
In this market, I would not finance a first time flipper at 75% profit split because the profits and success rate is lower than the last dozen years.
Natasha Rooney
Multifamily Properties in Indianapolis
29 January 2025 | 16 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Mark Daniels
Advice on borrowing against a paid off Commercial property to buy an additional one.
18 January 2025 | 8 replies
If the loan amount you are looking for is small relative to the value of the first and the second property combined, they are very well secured on a LTV%; ask for a 1% point lower rate.If you don't want to Cross Collateralize, do you have any CD's or MM you can transfer to this bank as collateral.
Felicia Nitu
Maximizing Investment Opportunities with SB-9 in Los Angeles
31 January 2025 | 5 replies
In lower-value areas like Sylmar, market values max out around $3.28 million, which results in a loss.The key takeaway?
Cody Caswell
2025 Design Trends to Use on Your Flips
22 January 2025 | 2 replies
Just the different brand name lowers the cost dramatically!
Ian Russell
1031 exchange question
15 January 2025 | 3 replies
When I was in your exact situation looking for help, they were the only ones that provided solid answers and walked my wife and I through the full transaction.