Maranda Tucker
Charlotte, NC Market Update - Days on market averaging 90 days
15 January 2025 | 0 replies
Here’s what we’re seeing and how it’s impacting rents:Key TrendsRents Are DecliningCharlotte has seen one of the steepest rent declines in the nation—ranked 6th overall.
Bayo Badejo
103 unit assessed cap rate of 5.4(accurate?)
15 January 2025 | 3 replies
@Bayo Badejo Agreed, that Zip touches a lot of different areas, from the national park to south of exchange.
Drew Sygit
How Well do DIY Landlords Track Days On Market?
12 January 2025 | 2 replies
DOM nationwide isn't really terribly useful; in extreme situations we will already know the national economic situation.
Lance Turner
STR/Campground in Flood Plain
14 January 2025 | 4 replies
Primarily desert washes, but also near a creek....So I would go knock on doors and ask neighbors when it has flooded and what they think about the area......maybe call the County water board and ask then what has happened there in the past.
Desiree Board
Sole proprietor, LLC or Corporation?
15 January 2025 | 2 replies
@Desiree Board For your mix of long-term rentals (LTRs), short-term rentals (STRs), and house flipping, an LLC is ideal for liability protection and pass-through taxation.
Jonathan Worrell
Mentoring and Advice
13 January 2025 | 3 replies
Even as a Foregin National you can still take out up to 75% Cash out depending on your citizenship.
Jason B.
Suburban Chicago: One of the Hottest Rental Markets in the U.S.!
15 January 2025 | 10 replies
Hey fellow suburban Illinois BPers - Not sure if this has been sent/shared previously, but thought it'd be good to recap - Chicago Agent Magazine recently reported that suburban Chicago was ranked the second-hottest rental market in the nation (Here’s the article.).This confirms what a lot of us have seen: demand for rentals is really strong in the suburbs right now.
James Wise
Why do people Buy Property in California
15 January 2025 | 192 replies
CA has more than half of the nations homeless/unsheltered persons.
Grant Schroeder
Gratitude for Growth in 2024! On to 2025!
6 January 2025 | 0 replies
We set a record for our Team, serving 82 families and funding over $32 million in loans this year.We ranked in the top 5% of loan officers/teams in the entire Nation and top 3% in the State of Oregon!!
Eyal Goren
Is Subto legal?
14 January 2025 | 23 replies
The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.But no laws are being broken here.So, subto is neither legal nor illegal.Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.But, it can work, provided seller and buyer are both on board and the proper process is followed.