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9 August 2024 | 4 replies
When rates come down and a bazillion new investors jump in the market is the worst time to find deals.Finally, I'll leave you with this.
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11 August 2024 | 7 replies
Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?
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8 August 2024 | 4 replies
If the renters decide to leave early than the agreed stay for example 9 mos.
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8 August 2024 | 12 replies
Hi BP community,I FINALLY finished house hacking a duplex in San Antonio!
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8 August 2024 | 29 replies
@Stuart Udis yes the houses are in areas I expect values to go up significantly, with positive population and job growth
9 August 2024 | 9 replies
By limiting your exposure to banks and credit unions, you're leaving significant amounts of money on the table, along with superior terms (IE - 30 year amortization, partial-full term IO, non-recourse structure, etc.)Below are summaries of the Freddie Mac Small Balance Loan (SBL) and Fannie Mae Small Loan multifamily loan programs.
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12 August 2024 | 9 replies
A W2 job will likely make it easier for you to obtain financing for your future house hacks.
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11 August 2024 | 0 replies
Purchase price: $55,000 Cash invested: $100,000 Sale price: $820,000 Fix & Flip in prime marine park in Brooklyn, one family 3bd duplex just off the park. got this deal as REO, since houses in this area are selling as is, we did just minor renovation.
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13 August 2024 | 17 replies
Yes, most of our DSCR products do NOT have pre-payment penalties (as long as you are not refinancing AND had the house on the market in the last 6 months) and with 20% down would be the in mid's 7's assuming good credit/DSCR over 1.00 etc.
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11 August 2024 | 3 replies
Recommended no enforcement.This is an example that not all SEC investigations end up in a negative light. https://modularhomesource.com/sec-concludes-its-investigation-into-housing-manufacturer-boxabl/