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14 November 2024 | 13 replies
Anyhow...sounds like you're on the same page with @Shawn Parsh about picking the worst property in the best neighborhoods >>> I get it, and trust me I'm always looking for those gems (if/when you find them, they get snatched up fast!!).
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13 November 2024 | 5 replies
It allows me to analysis properties pretty fast.4.
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20 November 2024 | 37 replies
Fast forward to today.
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14 November 2024 | 25 replies
Rentals go fast in the neighborhood (many homes rent out to officers from Millington on 2-3 year tours) and the school district is being refined to build a new middle/high school not far from our home (breaking off from a much larger system).
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13 November 2024 | 13 replies
They can offer fast results with relatively predictable returns.
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13 November 2024 | 9 replies
It will really come down to the condition of the units and how fast you can get those rented.
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11 November 2024 | 14 replies
Fast-forward to the divorce (messy, bad, abuse, etc.)
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13 November 2024 | 23 replies
@Kyle Souza A couple quick and fast tips on qualifying for multifamily loans are having enough experience in the eye's of the lender, a 1.3X DSCR (using lender underwriting..not broker's underwriting), and a net worth equal to or greater than your loan size.
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11 November 2024 | 8 replies
The biggest ways IMO are MLS data, multiple solutions for sellers (off market cash deal or listing), ability to rep. yourself on your own deals (saving on commission).Commission savings adds up fast when you're doing multiple deals a year.That being said, there is cost to having a license so if you're only doing a couple deals a year then it might not make as much sense.
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12 November 2024 | 11 replies
It’s flexible and can help you fund deals quickly.Lease Options: Similar to “rent-to-own,” you control a property with minimal upfront costs and can potentially get a cut of the appreciation if you decide to buy it later.Lines of Credit: If you already own a property with equity, a HELOC or business line of credit can give you accessible funds for down payments or renovation costs.House Hacking: This might sound basic, but if you haven’t tried it, it can be a fast track to building up rental income and experience without a ton of cash down.