Fredrick C. Oesterle
accepting multiple applications
9 January 2025 | 4 replies
., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!
Polat Caglayan
What do you think about the future of Detroit?
12 January 2025 | 10 replies
depends on your credit if you can get a mortgage or your ability to find good deals that you use hard money for and then refinance into DSRC.
Sachin Amin
New Construction SFH for investing
4 January 2025 | 5 replies
And the values like all rentals will just track the rental rates and what an investor is willing to pay for a return.
Mark Forest
Syndication capital calls
14 January 2025 | 37 replies
I actually think your company, Drive Home Capital, does have a good track record in the space.
Nicholas Dillon
Vetting a Syndicate
30 December 2024 | 7 replies
Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
I have gotten a seller's credit for my 3 existing units but to be conservative, I will assume I am paying full closing costs here.At the moment, I have ~$25k in a HYSA and expect to save another $10k from my W-2 before I start putting offers in.
Kaushik R.
Home equity and landlord insurance
3 January 2025 | 10 replies
To access your home equity without selling, you can explore options like a home equity loan, a line of credit (HELOC), or a cash-out refinance.
Sonu Sundar
Dubai real estate investment
27 January 2025 | 35 replies
Then Pandemic and life took its toll and everything stopped in it's tracks.
Jason Malabute
HAVE YOU INVESTED WITH BAM CAPITAL?
3 January 2025 | 42 replies
BAM has a 14 year track record to boot. 2.)
Troy Smith
CPA tax advice.
9 January 2025 | 11 replies
Keep track of those costs this year, they come into play in 2025 when it's in service.