
30 April 2024 | 0 replies
Example of the deal I'm looking at: Purchase price (240K) ARV (350-400k), rehab (50-70K), home sits on 2.6 acers, the lot is flat but has trees on it.

30 April 2024 | 7 replies
DSCR loans are typically stabilized properties so doing anything other than collecting rent is not attractive to lenders for DSCR loans.

30 April 2024 | 3 replies
You can find private/hard money, but they typically don't take second lien positions.

30 April 2024 | 7 replies
If its from the PM, 10-15% typically but very location dependent too.

30 April 2024 | 4 replies
Chase is one that you will typically find in all cities for convenience.

30 April 2024 | 27 replies
I have been a landlord and investor for over a decade AND also work as a senior/regional property manager so I feel like I see both sides and have some good insight on this- manage yourself if you have the time and fortitude to do so, you will make mistakes but it will pay off, get a real estate license (not hard to do plus you can sell and buy properties and get commission) and know the laws, be willing to do the research, NO ONE IS GOING CARE AS MUCH ABOUT YOUR PROPERTY AS YOU- that being said, not everyone wants to has the time ect or headache or likes asking for rent…FIND A MANAGER THAT ALSO IS A LANDLORD INVESTOR, I can’t tell you how many property managers I’ve tried training and that failed at our company because they just don’t get it from an owner or investor side, like “no tenant we aren’t going to come replace your stove again, no we aren’t going to clean your bathroom cause you didn’t , ability to analyze when to do maintenance and not, ability to explain to tenant owners POV, I tell every owner I am not telling you anything I haven’t done or I’d do my self, a lot of property managers are blue colar type workers and have never invested in their life and just done get it, 4 out of 5 property managers fail at my company because of this especially for single family homes, find a PM with speciality in SFH for your area, for example, a PM in Birmingham MI (upscale area) will fail in Detroit or lower end markets (but that’s were the best ROIs are)

29 April 2024 | 12 replies
Then, for example, if you want to see listings for Cobb County, set the "County" field to "Cobb."

30 April 2024 | 2 replies
Does it take into consideration all the local regulations (cannot rent for < 30 days for example?)

28 April 2024 | 4 replies
Here are some examples below.A down payment is not an expense so cannot be deducted.

30 April 2024 | 2 replies
AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.