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16 May 2024 | 4 replies
I've personally worked with a handful of "investor-friendly" lenders, primarily on DSCR loans in recent years, and each time I've run into significant delays, lack of transparency about the process, have been fed the requirements in a piecemeal fashion (every few days there's a new random request rather than having it all organized from the start), and have even run into lenders who were substantially misinformed about the real estate industry or the laws that govern it on both a local and federal level.I think there should be a better site to encourage accountability by tracking how long it actually takes each lender to close their loans on average, and what unexpected hurdles investors encounter when trying to work with them.I can't seem to find such a site.
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16 May 2024 | 3 replies
Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.
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15 May 2024 | 8 replies
Buy in your local area and learn hands-on how to operate multifamily properties.
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17 May 2024 | 14 replies
I'm suggesting the opposite: go to neighborhoods the locals tell you are good to verify that they are good.
17 May 2024 | 13 replies
Do you focus on local Florida cities or do you diversify across multiple states?
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15 May 2024 | 11 replies
Additionally, consulting with a real estate agent who is knowledgeable in the local market can help you make informed decisions and ensure the success of your investment.
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15 May 2024 | 34 replies
I purchased in 2019 and there was certainly a learning curve (understanding county rules and code, getting to know the local renter demographic, dealing with a limited pool of service providers in the area, understanding fire risk and mitigation; etc).
15 May 2024 | 4 replies
Local Regulations: Be aware of Portland's rental regulations and tenant laws.