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28 January 2025 | 11 replies
Contact a local closing attorney as they may have one for you to use.
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18 February 2025 | 4 replies
Get at least three bids so you can compare pricing and professionalism.Estimating Rehab Costs:Walk the Property with a Local Pro A realtor, home inspector, or experienced investor can give you a ballpark estimate.Use Online Cost Estimators Websites like Homewyse can give you an idea of labor and material costs in that specific area.Break Everything Down Create a detailed scope of work so you get accurate bids (and avoid “surprise” costs later).Pad Your Budget Always add an extra 10-20% for unexpected expenses because there will be unexpected expenses.Consider a Project Manager If you won’t be visiting the property often, having someone local to check in on contractors and keep things moving can be a lifesaver.Since you’re in Illinois and flipping in Indiana, make sure you’re keeping a close eye on progress, whether through scheduled site visits or a trusted local contact.
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4 February 2025 | 3 replies
I’m a new wholesaler I just wanted to know if anybody knows any title company that knows how to close on wholesale deals in nyc
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17 February 2025 | 7 replies
We are also close to pulling the trigger on acquiring another nearby single family home for a second STR.
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26 January 2025 | 6 replies
They are asking $375K but not getting it - so not quite $20k underwater from asking but they're offers so far are around $350k and lower.
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29 January 2025 | 22 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
12 January 2025 | 10 replies
The rates will be lower and will allow you to maximize profits.
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10 February 2025 | 2 replies
This also begins YOUR title seasoning, so that when you're ready to take out a traditional mortgage, you can refinance and pay off the seller without a title seasoning issue. you can buy title insurance from the title company at closing. this is a good idea.
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3 February 2025 | 6 replies
All residents but the smokers have lost use of their balconies and keep windows closed now.
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4 February 2025 | 2 replies
A close friend of the family ,who was married, and had a house together got divorced and in between that time, she did a QC and removed her name from the deed.