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15 March 2024 | 20 replies
Let me know if you have questions.Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 3-5 points(%) of loan amount (Most Deals are 3 points(%)) - $2500 minimum fee Minimum Loan Amount: $75,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 10-20% of purchase price down or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 7-10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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14 March 2024 | 3 replies
While more investors are flocking to and rehabing properties, and builders are breaking ground, historical owners are also paying more attention to their properties and bringing them up to shape.
15 March 2024 | 25 replies
Also do the math, each month of vacancy costs an owner 8% of their rental income (1 month / 12 months).So, tenant stability is key to making money.Looking at it another way, would you rather lose 2 months of rent every year (turn costs + 1 month of vacancy) or take 5% less monthly rent for a 2-year lease?
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15 March 2024 | 20 replies
They're the new trend so too many operators will dive in, they'll hit a peak, and then we'll see units revert back to LTR's, owner-occupied units, or maybe some entirely new model we haven't discovered yet.
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14 March 2024 | 20 replies
You will be the Titled owner and you will be responsible for the HOA and the Taxes on the property as the owner.
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14 March 2024 | 11 replies
Most states as a private lender you do not need to get a license as you are not lending to owner occupied homes (that is the key never lend to owner occupied).The reality is as a HML the return you get compared to investing passively in a private lending fund is not going to be very different.
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14 March 2024 | 5 replies
If you can do this move in and rent out part strategy a few times, even up to 4 plexus that can be owner occupied, you will be out of the rat race faster and with fewer transactions than if you save up to buy one non-owner-occupied NOO SFR and then another and then another.
14 March 2024 | 3 replies
As long as you are priding the property owner's name and mailing address, skip tracing companies will be able to cross reference the address with the name.
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14 March 2024 | 3 replies
It's typically a double skip process, first to skip trace the registered owner/manager/agent of the LLC or trustee of the trust.
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14 March 2024 | 5 replies
Typically architect-designed, but also some design-build.To date though, always owner financed.