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28 October 2024 | 8 replies
The rates and terms are usually more favorable than DSCR loans, so I’d lean toward conventional financing while you can still qualify.BRRRR Method: The BRRRR strategy can be powerful, but it might slow you down a bit due to the current cash-out refinance seasoning periods, which can be as long as 12 months.
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26 October 2024 | 11 replies
@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.
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28 October 2024 | 40 replies
>you don't need to bash the Carl's in order to make a point.When the Carls were saying drive to vacation markets were recession proof, some BP users, including myself, pointed out that they (the Carls) had not been through a major recession (and this is not a major recession but a slight slow down).
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25 October 2024 | 5 replies
Then I will deep dive the asset.I agree that you lose control also, but new investors doing a flip and trusting a contractor they met on Angie's List is way more a loss of control I think.
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25 October 2024 | 1 reply
Remember, grow slow and sturdy, then explode with growth.
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25 October 2024 | 0 replies
Retail and data center REITs lead, with Realty Income and Digital Realty Trust among top fundraisers.While REITs raised significant capital, property acquisitions have slowed, with more sales than purchases recorded.
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22 October 2024 | 10 replies
If the market is slowing down, it might be better to hold and wait for a better time to sell.It's great that you're thinking ahead and considering all your options.
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29 October 2024 | 24 replies
After reading and talking to my lender which didn't offer it (similar to what @Drew Sygit said) I went the conventional route and used cash for the remodel. 203k loans have hurdles, payment draws, specific contractors (grosssss), and other requirements that slow you down or cost money.Investors have found success with (203) loans it but consider your overall goal, budget, and timeline.
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29 October 2024 | 131 replies
The bummer is that this whole online course thing is new to them, and so their support is either really slow or non-existent.
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25 October 2024 | 9 replies
It doesn’t have as many pre-built search filters as PropStream, but it’s excellent for quickly adding and managing leads on the go.Invelo and Property Radar are good for more niche searches like probate, inheritance, and deceased properties, especially if you’re trying to dive deep into public records.I’d suggest trying out a couple of free trials to see which interface and data best fits your specific strategy.