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4 January 2025 | 67 replies
Also travelled 2 hours to find a security door design I saw in Orange Walk.
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27 December 2024 | 3 replies
- Securing the property- Removing the waterIf your furnace was stolen, you may need to get propane heaters to facilitate water removal.
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27 December 2024 | 2 replies
I help business owners and investors raise capital usually connecting them with partners who can secure $75k-$100k at 0% interest for 12 months.
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27 December 2024 | 4 replies
Since the property is in Los Angeles County, I expect the eviction could take 4-6 months, followed by another month or two to secure new tenants.
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25 December 2024 | 4 replies
Also, securing financing is no different than site built unless you're dealing with someone that has no experience originating loans.
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24 December 2024 | 5 replies
We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.
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26 December 2024 | 1 reply
Additionally, a lender deposit ranging from $20,000 to $100,000 is necessary, along with a rate lock-in fee that typically amounts to 2% of the loan amountIn the process of raising equity, it's crucial to be diligent while filling out necessary forms and securing required verifications.
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3 January 2025 | 26 replies
Look for undervalued properties.Network: Connect with local real estate agents, contractors, and other investors for insights and deals.Analyze Properties: Use the 1% rule to evaluate potential properties (monthly rent should be at least 1% of the total investment).Secure Financing: Explore different financing options like conventional loans, hard money loans, or private lenders.As for timing, if you can handle the extra responsibility, starting now could give you a head start.
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2 January 2025 | 11 replies
Luckily, I did not include this unit in my underwriting when purchasing, so the survival of this property is not contingent on this situation.Continuing to optimize for management of the building when I move out, like moving everyone to online rent payments or adding remote accessible security cameras.Exploring opportunities to expand my portfolio—I've begun my hunt for my next 3 to 4-unit building to house hack, ideally in Lake View, North Center, or Ravenswood.This year taught me that real estate investing isn’t easy, but it’s undoubtedly worth it.
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23 December 2024 | 13 replies
Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.