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6 January 2025 | 9 replies
If it does go to probate, hopefully your brothers and you can amicably go the informal route vs formal (I've worked with families in both when buying properties out of probate and informal is FAR easier).Since there's no debt on the house, maybe you could sell with financing or maybe you could even buy out your brothers with financing -- that way you maintain ownership and just pay them a monthly amount.
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12 January 2025 | 11 replies
If you are in a state where eviction cost is high and it is tenant friendly you may need a higher credit score to offset default risk and eviction cost.If you are in a landlord friendly state where it is easier to get non paying tenants out you may be able to handle more none payment risk.
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12 January 2025 | 8 replies
I figured calling would be easier, and they said I can't transfer the title or they will call the loan due.
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12 January 2025 | 13 replies
The investment portion of 3 units equals their reinvestment target of $600K.
6 January 2025 | 1 reply
Many investors use wholesalers or real estate agents who specialize in investment properties, or they directly target owners with distressed properties.5.
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23 January 2025 | 10 replies
It might be easier to scale with MFU.
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28 January 2025 | 27 replies
By targeting better locations, leveraging Section 8 for consistent cash flow, and balancing low acquisition costs with high guaranteed rents, you've achieved impressive results like $1,100 in net cash flow on a single property.
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26 January 2025 | 21 replies
Maybe a professional PM can help the process easier for you.
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3 January 2025 | 7 replies
Whether the lender decides to do anything, and exactly what they decide to do depends on the lenders particular strategy, target ROI, risk tolerance, current interest rates, interest rate of subject mortgage loan, etc.
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10 January 2025 | 17 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)