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29 January 2025 | 22 replies
You can build your own team i.e. title co, insurance, pm, contractors, handyman,process server, lender etc.... or you can find an operator who can get you going in that market while simultaneously building out your team.Section 8 housing is a great way to ensure consistency with rent payments however not all tenant who have HCV pay 0%.
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31 January 2025 | 21 replies
Happy to share my experience if you want to send me a PM.RyanHey Ryan, we are in the process of looking at buying a house for an STR in the beach Mountain area.
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2 February 2025 | 9 replies
Thanks again for your input, and I'll probably reach out as I get further along in the process.
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2 February 2025 | 2 replies
We haven’t really felt the effects of it yet but I think that is mainly due to the timeframe it takes for them to process claims and emotions from the devastation.
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7 February 2025 | 23 replies
DSCR loans underwrite to the income of the property, and do not require your personal income, taxes, debt-to-income ratio, etc.Of the 1,100+ loans that our team closed last year, I want to say that only 1% to 2% of those were closed in a borrower's personal name.So, it is pretty irregular for us to process an investment property loan under a personal name.Clients usually opt for closing in their personal name if they simply do not have an LLC established yet.
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18 January 2025 | 11 replies
As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.
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13 February 2025 | 21 replies
I'm open to suggestion regarding strategy and location and willing to put in more work for better returns, but I certainly need to grasp a better understanding of the process to get started across the border.
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20 January 2025 | 62 replies
They’ve just been telling me it’s been processing with Underwriting for three months now.
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4 February 2025 | 14 replies
Be more thorough with your turnover process.