
13 September 2024 | 11 replies
Typically they give you 30ish days to get the funds and in the time you might be able to find a new lender but every bank is different.Yes you'll still be able to claim the tax benefits as long as you qualify even if the property is in your LLC.

13 September 2024 | 1 reply
Consider short-term loans, lines of credit, or construction loans tailored to fix-and-flip investors.

11 September 2024 | 7 replies
I am right behind the other Jonathan (@Jonathan Greene) the best one is the one you can use on a consistent basis.We use hubspot for our general contracting business because we believe in the long-term growth potential it has.
11 September 2024 | 8 replies
Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.
10 September 2024 | 7 replies
Think long term.
13 September 2024 | 5 replies
You can pursue a judgement against the property owner for non performance under the loan agreement terms which would come up on a title report when they go to sell or refinance the property since a judgment search would be completed against the seller but that takes time and money.

13 September 2024 | 2 replies
Also, after 6 months like you said, I believe you could easily get a cash out Refinance with a DSCR option that would be in the 5% rate as well.If the owner is not interested in Owner Financing, as long as this a 1-4 unit complex, we could get you financed at 80% of purchase, 100% rehab at 11.25% Interest only, I may be able to go as high as 90% of the purchase, but I would need additional information.

10 September 2024 | 1 reply
This suggests some volatility in the market.Investment Considerations- Long-term Potential: The presence of a dedicated economic development partnership and active city government suggests efforts to promote growth, which could benefit real estate investors in the long run.- Property Management: With companies like Champion Investments managing a large portfolio of properties in the area, there seems to be a robust infrastructure for property management, which could be beneficial for out-of-town investors.- Market Knowledge: Local real estate companies like RE/MAX Select, with their 18 full-time agents, indicate a strong local real estate community that could provide valuable market insights.In conclusion, Shelby's real estate market shows potential for investment, particularly given its price growth and strategic location.

11 September 2024 | 2 replies
It would be long term a house hack.

12 September 2024 | 0 replies
We got a really good deal on it because it was sitting for a long time and we came in under asking direct to the agent for the seller.