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4 September 2024 | 84 replies
I will admit when I had my first investment property at 24 that I did not realize all the legal aspects of RE and all the laws concerning what you can and what you cannot do.
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28 August 2024 | 1 reply
Some lenders offer flexible terms tailored to investors, which can be a game-changer.
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30 August 2024 | 8 replies
It seems like landscaping/exterior is a large aspect of this property, so in that case I would put a good chunk of my efforts there
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6 September 2024 | 79 replies
Also just so you know, they are not Hard Money Lender's they are your joint venture partner in every aspect of the deal.
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30 August 2024 | 6 replies
Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.
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29 August 2024 | 13 replies
I will hire out to another expert to handle other aspects of our finances to make sure those are on the right track.
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29 August 2024 | 7 replies
They both have their good and bad aspects… but rentals are far easier day in and day out.
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29 August 2024 | 14 replies
Additionally, I personally like the Northeast market, much less competition since people interpret the tenant friendly aspect as more challenging, but with that comes less competition.
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28 August 2024 | 2 replies
Depending on the size we may partner with 1-2 people so that’s another aspect I am looking into as well.
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28 August 2024 | 22 replies
They saw I was in Texas, saw I had in my claim history hail claims, and they "tailored" the policies offering such a way they made sure the policy was unusable for anything else other than a total loss.