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24 September 2024 | 8 replies
Unfortunately having title issues is one of the reasons that sellers are sometimes willing to do seller financing simply because they know mortgage companies won't approve without proper title work and title insurance so they have to be more creative in the ways they sell but that can be risky for you as a buyer.If you do seller finance I recommend having very specific terms on HOW payments will be made and accepted and using a professional service like https://www.agecroftcapital.com/ for loan management in the case of any disputes - just my personal rec, not sponsored by BP though I do work for BP :)
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27 September 2024 | 22 replies
STR's take work and they are worth it.
22 September 2024 | 8 replies
Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success
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24 September 2024 | 7 replies
Keep up the great work, and feel free to reach out if you'd like to discuss financing options or new insights!
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23 September 2024 | 7 replies
I think if you can find a $300k house that's a 3x2 that needs a little bit of work and you can have some small equity built up day 1 that might work.I would look in the Apopka, Forest City, Longwood, Casselberry, and Winter Springs areas and try to find a house for around $300k, the rent should be $1700-$2,200 and that might cash flow you a little bit.
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25 September 2024 | 14 replies
Also at 15 you can work and make money when not at school.
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22 September 2024 | 11 replies
What they won’t do is agree to pay you for your work. And
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24 September 2024 | 27 replies
Again, this is underground work and would like to get out of the way.
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20 September 2024 | 7 replies
A prudent investor doesn't seek quick riches through shortcuts.
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20 September 2024 | 1 reply
Once the infrastructure improves where people can live near where they work and commute times are under 30 minutes there could be a return to the office.