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29 October 2024 | 15 replies
I’ve had it where they went and did a special project just to look at multi-family properties to bring them more into agreement with todays valuations, etc
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6 November 2024 | 22 replies
Have you looked on Airdna to check the metrics for San Jose?
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3 November 2024 | 1 reply
Negotiations focused on a win-win approach, securing the property at $197,000, aligning with market value, while setting us up for a profitable resale with a trusted buyer on the same day.
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4 November 2024 | 7 replies
If you're getting back into the lending game for long-term hold investors, a realistic “ideal” loan might look like this:Rates: Somewhere around 6-8% interest, depending on the risk profile of the borrower and the property.LTV: 70-80% LTV is solid, especially if you're aiming for lower risk.Term: 5-10 years works for LTR investors who want stability.Fees: Reasonable origination fee (1-2%) is expected, but avoid nickel-and-diming borrowers with hidden fees.Prepayment: A soft prepayment penalty could be fair if paid off in the first couple of years, but after that, no penalties.Speed: Being able to close quickly (within a couple of weeks) would be a huge plus.In short, give investors a competitive rate, decent terms, and flexibility on prepayment, and you’re golden.
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27 October 2024 | 23 replies
I recently had a buyers agent tell me (at my house) my heat pump was 20 years old and was at the end of its life and needs replacing .
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29 October 2024 | 5 replies
I’m looking to become an investor in the KC area and I was curious if I should pull the trigger on a multi family or single family home with the VA loan?
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24 October 2024 | 10 replies
You are taking a good first step by looking into the bigger pockets community.
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2 November 2024 | 6 replies
AB1482 states that "single-family homes/condos (residential real property that is alienable separate from the title to any other dwelling unit) are exempt from AB 1482 if (1) the owner is not a real estate investment trust, a corporation, or a limited liability company in which at least one member is a corporation and (2) the owner provides the tenant with a written notice of the exemption"The part that is confusing is "...a corporation, or a limited liability company in which at least one member is a corporation."
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21 October 2024 | 1 reply
Purchase price: $195,000 3RD RENTAL PROPERTY AT 25 What made you interested in investing in this type of deal?
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27 October 2024 | 8 replies
Looking to use the short term rental loophole.If I use the short term rental loophole for my STR, I material participate and do a cost seg study.Can I take the value of the building in the first year as depreciation and write it off against my wife's income?