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16 December 2024 | 8 replies
@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend 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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15 December 2024 | 5 replies
Aside from the standard BR/BA count and square footage, I always focus heavily on the listing pictures for any comps I pull in my area - finding a comp that's as close to your property's condition and finishes will give you the best apples-to-apples comparison possible.I also wanted to second @Tim Swierczek's input: nobody in Minnesota likes moving in the middle of winter.
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11 December 2024 | 7 replies
.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?
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13 December 2024 | 3 replies
They provide real-time access to credit reports from major bureaus—Experian, TransUnion, and Equifax—without affecting the consumer's credit score.Setup Process:Application Submission: Complete a formal application through Soft Pull Solutions.Documentation: Provide necessary documents, such as proof of business operations and compliance with legal requirements.Website Review: Undergo a review of your business website to verify services and permissible purposes for pulling credit reports.Onsite Inspection: An inspection of your business premises may be conducted to ensure secure handling of credit information.This process ensures compliance with legal standards and typically takes a few days to complete.
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14 December 2024 | 6 replies
Hi Nick, the 25% down payment is typically standard for investment properties.
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11 December 2024 | 2 replies
If an agent brings a client and buys the wholesale deal, their standard contract is the second contract that the original contract is being assigned to.
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19 December 2024 | 8 replies
My cost to build a 900 sf to 1,200 sf container home is about $90 / sf and that cost comes down in a production environment where materials can be purchased in quantities and the workforce is working on a standard floorplan with multiple units in process simultaneously.
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18 December 2024 | 23 replies
You should be able to balance paying down your home quicker than the standard 30 years while still investing in real estate, so instead of 1-2 a year, maybe 1 every 2 years?
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13 December 2024 | 16 replies
We do some cosmetic improvements to bring homes to our standard, typically carpet and paint, upgrade lighting etc.
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10 December 2024 | 5 replies
I haven't reviewed the Standard Lease Agreement yet, but all I need is the right to sublet, and possibly some negotiated capital responsibilities (owner pays for repairs over a certain amount or split responsibilities on certain expenses).