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9 June 2024 | 4 replies
My experience is entirely in Cleveland, OH but I've heard Bentonville is providing good cash flow
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10 June 2024 | 23 replies
Call around to all the real estate offices that do not provide management services.
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7 June 2024 | 4 replies
We have a company that buys Non-Performing Loans and, as a secured creditor, we love seeing BK paperwork.
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10 June 2024 | 8 replies
I don't know what you signed with the broker or what expectations were reduced to writing, I only know that IF you wish to have an open house and they refuse, and such authority to refuse such a request is not provided in your listing agreement, then you should have the right to terminate that relationship.
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9 June 2024 | 9 replies
If you're interested in chatting more, I can show you how to give your investors an 8% liquid return without you personally being the person providing that return.
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8 June 2024 | 1 reply
I've also had it suggested that I should use my land to secure a loan under 100k, given my debt.
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6 June 2024 | 7 replies
Hello, I am new to the community and this is my first post.I secured a multi family lot to build approximately 16 condo units on.
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8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.
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10 June 2024 | 12 replies
I think DSCR Loans are definitely in your future as you continue to grow your portfolio but probably not the best fit here:-Can strictly not use DSCR for any property you live in - would technically be possible if you moved out, leased up the unit you are currently in and provided good documentation that its legit - but this is a firm non-starter for DSCR (absolutely no occupying the property)-DSCR Rates at best are in the sixes on a cash-out refinance - so you would be doubling your interest rate at least on the current property - which could make sense but its a pretty high hurdle.
8 June 2024 | 6 replies
Of course ex wants the ZestimateAppraiser came by a year ago and didnt ask for any HOA financials (said none provided in report) and said any visible issues would only resort in a “cure cost” factored in the value.