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26 January 2025 | 5 replies
(key piece of the story) And where are you/the property located?
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29 January 2025 | 5 replies
DealMachine and direct mail can work well, but consistency is key.
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12 February 2025 | 11 replies
No sooner had we even closed on the property than they found a tenant ready to move in.
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11 February 2025 | 0 replies
There is a spot on the brick exterior wall that you can move with your foot.
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23 January 2025 | 10 replies
I grew up near San Francisco and moved to Reno, NV to live and house hack.
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24 January 2025 | 6 replies
Additionally, we have developed templates for tracking key metrics that we require our PMs to fill out weekly.
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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25 January 2025 | 4 replies
Here is the key: Don't pay for anything until it's done to your standard.
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8 February 2025 | 12 replies
Does seasoning start when a renter moves into the property?
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19 February 2025 | 5 replies
I put my location as New York since that is where I will be moving after college for work.