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7 February 2024 | 6 replies
With an actual estimate you might gain some ground with negotiating - I purchased my house for $40k ten years ago and it's only been going up in value (including the value add improvements that I've made during my time there).
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7 February 2024 | 9 replies
AND - full disclosure - I am a lender and lend in in several states to Include CA.
7 February 2024 | 3 replies
Examples of pitfalls include purchasing in an undesirable area, not understanding the market values (vs. list prices), not knowing the rental values (current and market), inheriting bad tenants, buying a lemon, going rogue on renting and management with no contacts / systems / no legal understanding of PA and Municipal landlord-tenant laws, not having trusted resources and contractors in place, using out of state lenders or shaky financing, throwing lipstick on a pig when renovating a house and wondering why it's ARV isn't increasing, tenants are renting, etc.
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7 February 2024 | 10 replies
Nothing huge, but it did take time.We knew the first year was going to be slim as a new listing but overall it worked out well for us.Our current search has included some basic cosmetic fixers as we are in the same position.
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7 February 2024 | 7 replies
Following another incident the following week, I provided both tenants with evidence from the plumbing company, including photographs of the clog and an itemized bill.
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6 February 2024 | 1 reply
I had been planning to sell next year when there aren't 5 other homes in the area, including neighbor, selling with days on market >14.
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6 February 2024 | 3 replies
However, when it comes to selecting a lender solely based on leverage it’s important to understand what’s included in each lender’s definition of loan to cost.
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6 February 2024 | 19 replies
Cash Flow Analysis: Conduct a thorough cash flow analysis, taking into account all expenses, including property taxes, insurance, maintenance, and potential vacancies.
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7 February 2024 | 12 replies
Excellent tools covering market research, financial planning, and a variety of investing methods are accessible.Examine several real estate investing categories, including multifamily, commercial, and residential properties.
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7 February 2024 | 19 replies
If the contract included clauses about assignment and the ensuring processes like realtor showings and potential sale to an investor, and you signed this agreement, then legally, the company can proceed as outlines, even if the reality doesn't match your initial expectations.