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8 October 2024 | 15 replies
I have some light flexibility, especially if they rarely ask for changes, but I always make sure someone goes the day off to mitigate any damage or problems that may have arisen.
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7 October 2024 | 7 replies
Let them know about the incoming storm, share local emergency resources, and offer flexibility if they want to reschedule or cancel.
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7 October 2024 | 2 replies
Additionally, it gives you the flexibility to sell or lease the properties individually in the future.One potential downside is the costs associated with subdividing or creating separate LLCs, including legal fees, taxes, and administrative expenses.
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7 October 2024 | 9 replies
It's awesome you are considering where you want to be and flexible with that.I'd look at your high growth markets, where there is a diversified economy, job growth, income growth, population growth, business friendly environment.
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10 October 2024 | 24 replies
This gives you more flexibility to make changes.
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6 October 2024 | 2 replies
It’s designed with investors like you in mind—where rental income speaks for itself, and there's flexibility to match your community-driven goals.Feel free to reach out if you'd like to chat or share ideas.
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7 October 2024 | 6 replies
It can be a flexible way to fill the gap.Private Investors or Partnerships: Bringing in a private investor or forming a partnership could provide the necessary funds.
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7 October 2024 | 7 replies
However, if you’re unsure about future property values due to the unique nature of the property, this could pose more risk.What You May Not Be Considering:Financing Flexibility: Using a HELOC for repairs is a solid plan, but make sure the loan terms are favorable and the rates are manageable over time, especially with interest rates fluctuating.Vacancy and Maintenance Costs: Once all units are rented, factor in potential vacancy periods and ongoing maintenance costs, especially with multiple units.In conclusion, while the repairs are a big expense, the strong rental income potential suggests it could be a good deal if you manage the rehab costs well.
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5 October 2024 | 6 replies
Private money lending typically comes from individual investors or friends and family, often based on personal relationships and trust, and can have more flexible terms.
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5 October 2024 | 3 replies
Here’s a breakdown to address your questions:30-Year Fixed-Rate Loan for Non-Residents: While traditional 30-year fixed-rate loans might be harder to qualify for as a non-resident citizen, non-QM lenders offer flexible options.