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16 September 2024 | 4 replies
Hey Nate, it makes sense to continue building out your investment portfolio in Milwaukee, but if you're looking in the Midwest, I recommend you make sure you get very familiar with the market you're interested in and build your out-of-state team first such as an agent, property manager, lender, and contractors if you're planning on house flipping.I recommend checking out Long-Distance Real Estate Investing by David Greene, where he takes you through how to properly invest out-of-state.
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15 September 2024 | 10 replies
@Stacey Wells This post troubles me & sounds like the rhetoric the social media real estate gurus teach.
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15 September 2024 | 19 replies
There's many paths to grow your real estate portfolio just make sure you pick the one that is right for you and remember this real estate game is a long term investment.
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13 September 2024 | 16 replies
Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.
11 September 2024 | 0 replies
I'm hoping someone can clarify these two questions for me regarding PA Senate Bill 1173 - which requires wholesalers to have a real estate salesperson license beginning in 2025 - https://www.legis.state.pa.us/cfdocs/legis/li/uconsCheck.cfm...
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16 September 2024 | 11 replies
You might try apartments.com, Trulia, Homes.com, Redfin, From a Real Estate Broker Perspective, Zillow generates 80% of all traffic at this point in time.
16 September 2024 | 6 replies
. - Equal Splitting (ratio utility billing) - What I've heard from lawyer friends who practice real estate law is a trending spike in resident issues.
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19 September 2024 | 43 replies
The 3rd investment was over a month late in paying off the loan, the 4th investment the borrower was sent a Notice of Default as of 02/13/2020 (almost 2 months after loan matured) and the 5th investment will probably be getting a "Notice of Default" soon (the borrower is over a month late in repayment of the loan payoff).With that being said I am an investor and understand the risk involved with investing in real estate.
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16 September 2024 | 5 replies
This is in-line with the wise old real estate adage of “Marry the house, date the rate.”2.
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19 September 2024 | 5 replies
It's a bit like syndicating a deal in real life.