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20 January 2025 | 5 replies
Get a hold of a trusted lender and run through the options with them as well.
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19 January 2025 | 5 replies
Owning in an SCorp is not for all lenders, but plenty of lenders are ok with this holding type.
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3 February 2025 | 15 replies
In your opinion, is a DSCR loan one of the best options if you are wanting to predominantly buy and hold in your acquisition Stategy?
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25 January 2025 | 12 replies
I don't hold to the "analysis paralyis" theory that if you're not buying something (LTR or STR), you're doing something wrong.
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3 January 2025 | 8 replies
.- Tenant submitted a work order for low water pressure in 2 bathrooms- Tenant submitted a work order because the garage door doesn't close all the way and left a 2-3 inch gap at the bottom- Owner initially refused to address either work order- Owner demanding the tenants place furniture pads on each piece of furniture- Owner calling multiple times to speak through the work orders, asking when they've been scheduled, calling a couple days later requesting the invoices- Owner calling because they want to access their storage in the basement so they can remove several pieces of furniture being stored- Owner now emailing requesting multiple property inspections throughout the lease cycle- Owner questioning my experience and relative PM knowledge because I'm not following up with her in a timely manner (the following day after the work order)Keep in mind, this is 2 weeks after the tenants had moved in and the tenants are very happy in the home.This is something we see on a regular basis.
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8 February 2025 | 42 replies
Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.
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29 January 2025 | 21 replies
What I was referring to was that I know two private lenders who have the borrower complete the Deed in Lieu documents at the Closing of the initial loan and then hold them in escrow during the life of the loan.
7 February 2025 | 5 replies
I'm not in a huge hurry as the cost of holding the property is low, so I'm taking my time to learn as much as I can and connect with the right people.
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13 January 2025 | 45 replies
That's a great place to start, we have over 1000 local members and hold about 20 meet ups a month.
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23 January 2025 | 5 replies
Through this trust, a Mexican bank holds the title to the property on your behalf, while you retain all ownership rights.