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10 January 2025 | 12 replies
For example, I have a private lender that gives me 8-9% on the rate for rehab costs when I am usually getting about 10.25-11.25% on the rehab costs from hard money lenders, and the HML is not sending the full money upfront, but in draws (this is normal for most HML) which is a lot more cumbersome.
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4 January 2025 | 9 replies
We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.
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11 January 2025 | 67 replies
We still end up doing a few things like upgrading appliances or installing recessed LED lighting and dimmer switches and other life-style upgrades to attract top-notch tenants.
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4 January 2025 | 4 replies
There’s normally action items that can be implemented into your management process that are more effective.
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3 January 2025 | 14 replies
This unique blend of economic opportunity and lifestyle appeal positions these cities as prime locations for both investment and personal residence.You mentioned Roan Mountain and Watauga Lake.. both are fantastic draws.
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13 February 2025 | 95 replies
Memberships exist to lock you in and are not normally in your interest.Most club organizers don't do this for the few dollars they might make at a meeting.
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21 February 2025 | 102 replies
The house needed some work which normally would have been a pain for me but after close HomeRoom did everything.
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2 January 2025 | 12 replies
You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary.
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6 January 2025 | 7 replies
Most people call their services "cohosting" to distance themselves from what would normally require a real estate license.
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3 January 2025 | 4 replies
Screen them as you normally would - does their income substantiate their portion of the rent +/- a little for changes in what the housing authority will pay out?