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15 January 2025 | 15 replies
Our cleaning fee covers professional clean, laundry service, and consumables.
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28 January 2025 | 19 replies
i say that not to discourage you, but so that you have a realistic picture of what to expect.as @Travis Timmons alluded to, you need to be in a strong financial position to even think about starting to invest.
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6 January 2025 | 7 replies
I only see 5 beds and 4 baths in the listing and do not see that third efficiency unit in the listing pictures.
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15 January 2025 | 8 replies
There is loans that cover the purchase and rehab so you could explore that.
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7 January 2025 | 7 replies
For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?
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16 January 2025 | 23 replies
It's a balance of cashflow and wealth accumulation.One of the goals is to have tenants pay as much of your cost-of-ownership as possible (loans, taxes, insurance, etc.)In high-cost areas, any Class A or B property you buy will usually negative cashflow for the first 3-5 years, until rents rise enough to cover the negative cashflow + rising taxes & insurance.Investing OOS increases your risks because you may not know the market and you can't check on everything/everyone all the time.If you move forward with your buddies, HIGHLY recommend creating a solid Partnership Agreement!
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15 January 2025 | 13 replies
This information is then linked in the database—think of techniques like pulling signatures from mortgage documents and extracting unit counts/construction types from building permits.This allows you to search my name and instantly see all of the rental properties and construction projects I own, even though they are well covered by holding companies.
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8 January 2025 | 5 replies
I only have enough funds for a 20-25% downpayment and was looking to do a DSCR loan to cover the rest.
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20 January 2025 | 7 replies
The condo fees cover pretty much any maintenance / repair.
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6 February 2025 | 42 replies
Detroit has one the highest rent to price ratios in the country…and we focus on the best balance of price/location within the area.Here is a picture of my portfolio if you/anyone is curious.