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24 December 2024 | 25 replies
I've seen some conflicting information online, so getting it right from someone who does it would be amazing!
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13 December 2024 | 5 replies
We use DealCheck to underwrite deals and QuickBooks Online for everything related to accounting and numbers.Classes allow for separate P&Ls for each property.
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14 December 2024 | 12 replies
When talking to property managers, ask questions regarding any guarantees they offer owners and refer to any online reviews to get a better idea of how tenants and other owners feel about working with the company.
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11 December 2024 | 12 replies
There are so many online hard money lenders.
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14 December 2024 | 36 replies
Luckily I was in a buyer's market at the time, but about 75% of agents did not even respond to me and I could not set up appointments online because I was not a MLS member.
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11 December 2024 | 6 replies
Repairs would generally be for costs <$2,500 using the de minimis safe harbor.
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15 December 2024 | 13 replies
About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!
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12 December 2024 | 10 replies
Been getting nowhere with zoning laws found online and in the local library for Yonkers (in westchester county) as to whether any permits are needed in order to operate such a business.
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10 December 2024 | 25 replies
It was pretty wild I brought my plane down from Oregon and had it hangered at Hawkins field which I did not realize at the time was the middle of the hood.. but it was safe and Jackson was a good base to fly to my other markets.
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17 December 2024 | 36 replies
But i guess in today's world where things are on line and investors are used to Internet communications this is much easier than those days.