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5 January 2025 | 0 replies
Does anyone have any insight into what these types of businesses are typically looking for in a partner and what I should be doing to make my space a good fit for them?
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6 January 2025 | 10 replies
Expect rates to be higher than "typical" financing programs - right now, I'd plan for at least 8%+ depending on the whole scenario.
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19 January 2025 | 14 replies
Again, I do not know how multi-party investments are typically structured and I'm very much looking to find out!
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4 January 2025 | 6 replies
Then laws changed and SSN's became our IDs and we could no longer typically ask for them in my area as a landlord.
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9 January 2025 | 28 replies
However, the road block I face is getting to a point where I think it’s an “ok” deal (meaning it’s not fulfilling the 1% rule, but more like 0.75% and little to no immediate renovation cost/typically a new build townhome) and then I start to question whether I could find a BETTER deal if I just keep looking.
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6 January 2025 | 5 replies
Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or so high)- Last Sold: 8/2021 for $281K- Roughly 1400 sqft- Some cosmetic work needed- $25K left on solar loan- The home was build in 2004 and it looks like it has the original AC unit, so I am assuming that needs to be replaced too. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.
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9 January 2025 | 9 replies
I know when you make an offer you typically specify how you plan on funding the deal.
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6 January 2025 | 5 replies
The equity gap can definitely be a challenge but there are still deals out there - typically with homes that were purchased in early 2022.
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20 January 2025 | 19 replies
Typically these repairs are mostly cosmetics.
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4 January 2025 | 14 replies
@Ethan Slater here's some info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?