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12 May 2024 | 1 reply
Research comparable properties in the area to gauge pricing, rental rates, vacancy rates, and demand.Property Insurance: Obtain quotes for property insurance to understand the potential costs and coverage options.Survey: Consider getting a property survey to confirm boundaries, easements, and encroachments.Due Diligence Contingencies: Include due diligence contingencies in your purchase agreement to allow time for inspections, assessments, and resolution of any issues uncovered during the process.Risk Assessment: Identify and assess potential risks associated with the property, such as market volatility, tenant turnover, maintenance costs, or regulatory changes.Exit Strategy: Develop a contingency plan or exit strategy in case the investment doesn't meet your expectations or unforeseen circumstances arise.By thoroughly conducting due diligence, you can minimize risks and make an informed decision about purchasing the property.
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12 May 2024 | 20 replies
The spec homes seem to sell quicker too.
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12 May 2024 | 2 replies
So, should I try to house hack in/around Nashville- or move to a different market where I would be able to move quicker or have better opportunities.
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13 May 2024 | 79 replies
Does that make you wish you could pay the higher interest off quicker?
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13 May 2024 | 25 replies
Agree with @Joe Funari - we only work with local/community banks and regional banks - they are quicker to respond, take a personal interest in partnering with your real estate business to see it have success (which makes sense, because they want you to make good on your loans), and offer much better rates than hard money loans - we don't pay any origination fees, they can even fund in less than 30 days, and interest rates have never hit double digits over the past 2 years.
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8 May 2024 | 10 replies
First time i bought house for investment Dayton , Kentucky , fixed it and put on market.It's been more than three months , i'm not finding customers to buy it.Can you give me tppls tp sell it quickly?
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8 May 2024 | 9 replies
how did they find the resolution for the same?
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8 May 2024 | 14 replies
Yes, I could scale up quicker because of the low costs, but I'd much rather have a smaller portfolio of higher-profit units.If you intend to self-manage the property, I'd immediately cross out everything that is more than an hour drive away.
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6 May 2024 | 6 replies
However, each situation is unique, and it might be worth discussing the matter further with the tenant to understand their perspective and find a fair resolution.
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7 May 2024 | 56 replies
The PNG resolution is really low, cant really read it.