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14 November 2024 | 22 replies
@Timothy Blackman- thanks ...get some referrals for lenders from friends / co workers ...contact them all on the same day with the same criteria and ask them any questions you have and ask for some scenarios ...compare the feedback and service they provide ...pick one lender to get pre approved with ,,once you have a property - contact all lenders again for pricing options for the actual loan you will need ...hopefully the lender you chose for pre approval will be competitive in their pricing ..good luck
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14 November 2024 | 0 replies
I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.
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13 November 2024 | 4 replies
I would have saved few thousand dollars in inspection fees and appraisal fees if I had known that and I had a friend send me detailed videos.I'm not sure if this information is available in all counties but where I bought in the Indianapolis metro area, I can look up property tax records.
13 November 2024 | 5 replies
In general, if there's nothing in zoning or the deed restrictions prohibiting the division of the property, it's mostly just getting it resurveyed and presenting the new subdivisions to the local government (county usually) to have each lot recorded as separate parcels.
13 November 2024 | 8 replies
I own and operate a property management firm in Chicago.
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15 November 2024 | 6 replies
Finding a property to buy is WAY easier than finding investors.
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15 November 2024 | 9 replies
@Laura CasnerFocus on quality over quantity in real estate investing, celebrate progress, refine criteria, explore secondary markets, and explore different property types.
13 November 2024 | 2 replies
I’d appreciate your insights on a complex insurance setup for my recent property purchase.My Setup:• Property purchased in FL under a Trust• Trust is owned by an LLC in FL• Holding company LLC in WY owns the FL LLCSituation:I acquired the property through a subject-to (sub-to) deal, taking over the seller’s mortgage, and I’m arranging insurance coverage.My attorney suggests I:1.
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13 November 2024 | 8 replies
It's technically not an ADU if it's the only property on land as it's an accessory dwelling unit to a main unit.
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14 November 2024 | 2 replies
If you are brand new, drive around and make notes of just a few properties that might be looking to sell based on their upkeep.