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14 March 2024 | 12 replies
@Danny Van- thanks 1) if you have some equity in the property - you might consider getting a HELOC in place now in case you want to use any equity in the future ...Its easier to get a heloc in place on a primary home as compared to a rental 2) contact your insurance agent and ask for an estimate for how the insurance coverage and premium will change 3) consider a proeprty management firm if you dont want to self manage 4) get any forms and processes in place ( leases / credit checks / bank accounts/ etc ....)
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14 March 2024 | 13 replies
Getting contact information for LLCs is a double skip process.
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14 March 2024 | 2 replies
It’s my understanding they rent out for far less than other locations but if you can scale this process you can do quite well.
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12 March 2024 | 21 replies
This is an emotional roller coaster for borrowers, but it is something you should review with them and evaluate their finances to determine why they are behind, and if they are - can they come back on this or they just kicking the can down the road?
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14 March 2024 | 12 replies
Eventually you will find a property you are ready to buy and then you start the land lording process which is your next adventure.
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13 March 2024 | 5 replies
Before making any major financial decisions, consult a financial professional.The exchange process is illustrated below:The 45-Day Identification PeriodThe 45-day replacement property identification period starts when the relinquished property closes.
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13 March 2024 | 10 replies
Thanks again @Jake Handler has a property management company that can walk you through the process.
13 March 2024 | 1 reply
Is an estoppel agreement with owner provided leases and payment history enough, or should I have them each sign new leases and go through the screening process again?
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13 March 2024 | 6 replies
And worse, many are in the process of destroying their reputations because of how they are handling it.I agree that one has to get started, buying the first few deals.
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13 March 2024 | 37 replies
Or do you value the lowest possible price and you exert time and energy managing the entire process?