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13 December 2024 | 13 replies
@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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13 December 2024 | 2 replies
Transitioning to Business Credit CardsOnce your business credit profile is established, apply for business credit cards.
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12 December 2024 | 6 replies
The loan programs of your buyers will dictate how much of a credit you are allowed to apply to their closing but it certainly helps to move inventory when you offer an incentive.
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10 December 2024 | 2 replies
Quote from @Summer MacPherson: I recently had a request to apply for a unit come in that said "I am apart of the St.
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15 December 2024 | 7 replies
Btw, this all applies to owner occupied SFR sellers; commercial or investment property falls under general commercial transaction regs
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17 December 2024 | 14 replies
The old adage slow and steady wins the race can certainly be applied to real estate.
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17 December 2024 | 13 replies
These foundational elements enable you to navigate transactions successfully and make informed decisions.While there are many resources available, including courses and mentorships, the reality is that without a foundational knowledge base, you might struggle to apply what you've learned effectively in real-world scenarios.
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9 December 2024 | 1 reply
At closing, the accumulated credit is applied to reduce the purchase price, eliminating the liability.
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11 December 2024 | 4 replies
Reach out to @Alyssa Holbrook as she has a property she is trying to do it on now.Thanks a lot @Jonathan GreeneI was reading the SLC docs and it seems that the restrictions for owner occupancy only applies to single family homes and duplexes are exempt.
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10 December 2024 | 22 replies
All the same rules of a standard DSCR cash-out refinance would still apply.