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28 May 2024 | 7 replies
@Bunmi JooRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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26 May 2024 | 10 replies
But it can be done and whether you'd do it, where, what kind of properties you'd buy, ... will depend on your objectives, financial resources, knowledge, connections, ...Also, opportunities can be very different from country to country and within the same country, as it is within the US.Financing could be different, when available, but a 100% cash investment can be more profitable than in the US, especially given the high interest rates.My best advice is to be clear about your objectives and narrow down your options.
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28 May 2024 | 7 replies
Something to keep in mind when you are looking for stabilized loan options for the long term.
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28 May 2024 | 2 replies
There is a drop down with lots of options and if you select "no central heat/air" you can't get insurance from most companies.
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28 May 2024 | 0 replies
This devaluation of currency has pushed many potential first-time homebuyers out of the market, leaving renting as their primary option.
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27 May 2024 | 9 replies
We feel very confident in our underwriting, but given the jump that we made from SFH to an apartment building, we want to ensure we're not missing steps in our DD/inspection plan.Here's our current plan:1) Have a general inspector complete a Property Condition Assessment.2) Have specialists complete an evaluation of the roof, electrical, foundation, and heat source (2 steam boilers).3) Review financials, all leases, existing service contracts, rent roll, tax assessment, rental certificate, and 12 months of work orders.Here's what I'm not sure about:1) Are there DD items (specifically those that we would request from the seller) that are not captured within #3 above that we should be requesting?
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29 May 2024 | 7 replies
You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.
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28 May 2024 | 11 replies
@Allen Wu- .25% rate difference wouldnt be ample for mw to choose to use a 10 yr arm versus a 30 yr fixed ....especially if the proeprty will be a long term hold .....once rates drop you can always look at rtefinnancing options ....make sure to review all the rate / fee options ....the more you are willing to pay in loan fee ( points) the lower the rate you can get will be
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30 May 2024 | 43 replies
Cleveland has a lot of inventory and a large rental population along with it so there will be other options for the tenants.