
23 May 2024 | 43 replies
Its in a great location for good renters.Aarons 3 times, no issues except a a few more months vacancies.Boarded up zone turns over 7 times, 2 evictions, 3 trashed outs for 7k expense. 8 months vacancy.

22 May 2024 | 3 replies
Located in: Trenton, NJ

22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.

23 May 2024 | 7 replies
The advantages are twofold - you secure favorable financing terms for your primary residence, and when you're ready to move on to the next property, you have the option to turn your initial purchase into a lucrative investment.

21 May 2024 | 58 replies
They have a funds under Cogo and Secured Investment Corp.

22 May 2024 | 0 replies
For those looking to buy, having cash on hand can be a game-changer, giving you the upper hand in negotiations and helping you secure the property of your dreams.Sellers, take note: the percentage of the original list price received stands at 94%, a slight dip from last year's 95%.

23 May 2024 | 9 replies
DSCR is about a non-recourse loan (secured by the property and the property performance, not by the personal guarantee).

21 May 2024 | 6 replies
I anticipated that this might put off investors and sound odd, but if you saw the exact location, you'd understand my reasons.

22 May 2024 | 2 replies
My partner and I use the subject to language from the AIR CRE forms as an addendum to the REPC - UtahSubject to language for purchase offer - Utah REPCBuyer(s) shall take title to the Property subject to the following existing deed(s) of trust securing the existing promissory note(s):(i) An Existing Note (“First Note”) with an unpaid balance as of the Closing of approximately:Said First Note is payable at $_____________ per month,Including interest at the rate of _________ per annum until paid (and/or the entire unpaid balance is due on ___________ (date).

22 May 2024 | 74 replies
Do you have a preference in what market the asset is located?