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3 October 2024 | 6 replies
Hey @Devin Bost, so if I need to ship something direct, I just ship it to my lake house and my neighbor will go and put it in the garage for me.I then let my cleaner know about whatever it is, usually toiletries and the like, so she can put them away.I am about 7 hours away from our rental so I do drive over 2-3 times a year to take a look, make small repairs and stock up stuff.
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4 October 2024 | 10 replies
This is the primary reason why Freddie Mac & Fannie Mae "agency" multifamily loans have so many additional rules compared to bank and credit union loans.
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4 October 2024 | 3 replies
But my pricing is fair based on the comps so what I am realizing is that the area requires a stiff negotiating ability.
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4 October 2024 | 4 replies
So she did not pay rent for September ( she was supposed to pay it to the previous owner and the owner was supposed to send it to me, but the previous owner received nothing and she agreed nothing was sent ).Now she needs to send my information to her case worker to update the rent payment address and everything.
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4 October 2024 | 3 replies
I didn't start with a ton of capital to work with either, so I was kind of in the same boat as you.
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3 October 2024 | 6 replies
Your 2 loans and taxes and ins are $2,363 per month at your numbers, so 1 month equals almost another 1% added to your cost, at 12 months your cost is now $278,360.What happens with your 2nd loan if it takes longer than 12 months, do you have to pay any extra points to extend?
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4 October 2024 | 9 replies
Hi @Erin KilloughWhen it comes to picking the area you want to invest in something I would recommend for you is this website.https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F
4 October 2024 | 7 replies
I think I may have read it - but honestly somewhat of a blur because I've read so many different blogs/articles on the various classes of property to help me not only gauge where it is, but also in setting expectations.
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3 October 2024 | 26 replies
I currently have a job in Denver, so I plan to be here for the next 3 - 5 years at least.
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4 October 2024 | 14 replies
The next year he would do the same on the 2nd home and continue to do so on the 3rd through 15th and it would repeat back to home #1 after the 15th home.