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30 January 2025 | 4 replies
The majority have evictions on their record, don't make enough income or have a lot of debt under their name.Comparing other rentals on Zillow, my asking rent is $1100 while other properties are trying to rent at $1200.
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1 February 2025 | 15 replies
@Mike ReynoldsYou hit the nail on the head in that seller financing would fall under the non-recourse loan category; therefore, UDFI would not apply.
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30 January 2025 | 6 replies
Many claim they do not charge a markup, but then aren't transparent with invoices, etc. 1) If a PMC charges $x hourly, their markup is built into that hourly rate as they are NOT paying their workers that hourly rate.2) Many PMC's send you ONLY their invoice, or from their wholly owned maintenance company, not the underlying invoices from Home Depot and contractors.
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27 January 2025 | 15 replies
If you are set on closing under your personal name, you definitely want to check with your lender on that during the initial fact-finding stage.
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6 February 2025 | 18 replies
That's the only way you will know if it's legal.In a true wholesale deal you are putting the property under contract, then either assigning your contract or double closing.
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29 January 2025 | 11 replies
The vast majority of contractors won't want to give bids on properties while under contract unless they have a relationship with that person from prior jobs.
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13 February 2025 | 14 replies
If they over-promise and under-deliver, transfer the next property to a different PM.
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3 February 2025 | 5 replies
They are looking for "who is making how much money under what circumstances".
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15 February 2025 | 14 replies
I find it critical to test those assumptions under different scenarios when I’m looking at a deal.
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29 January 2025 | 5 replies
I think you’re under a misconception that’s leading you to think you have options you don’t…You say it’s worth $1.1M and you’d net $500k.