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3 October 2024 | 6 replies
This enabled them to pay their agent.This approach is particularly crucial when the listing agent is unable or unwilling to negotiate the traditional 4-6% commission with the seller, leaving no commission to share.
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3 October 2024 | 46 replies
For example in wildfire areas here, buyers aren't able to get traditional homeowner's (or rental dwelling insurance if an investor) insurance and conventional Fannie Mae and Freddie Mae loans.
4 October 2024 | 26 replies
IMOSpeaking anecdotally here; I had 2 clients this time last year rent out SFR both in Northland, both in Staley HS district. one was a tighter sq foot 3 bed 2 bath traditional split.
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1 October 2024 | 0 replies
I'm new to BP and trying to build a team as I dive into more frequent and long-term profitable REI.I've been doing SFH rentals over the last 15-18 years, but it's all been very traditionally financed (ho hum, 30 yr fixed) and as such has limited my ability to invest more frequently, and grow a portfolio.I'm here to learn how to use more creative financing strategies (private money lending, Sub-to, seller financing) to acquire 2-3 units (duplexes, tri) and 5+ multifamily properties.
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4 October 2024 | 11 replies
If you're thinking about other states, parts of the Southeast like Atlanta and Charlotte have also seen a lot of activity, with strong rental demand and growing populations.As for creative financing, I’ve seen investors use DSCR loans and Fix-and-Flip loans to get deals done without needing the traditional income verification.
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1 October 2024 | 13 replies
SInce then it was all traditional purchases (SFH), and rentals.But for the last decade (!)
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30 September 2024 | 10 replies
CoC return on these condos are from 12-15% with a cash flow of anywhere from $3-400 / month if going the traditional financing route.
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3 October 2024 | 7 replies
I think this is a wait and see.On the management side we are obviously sold out now likely through end of the year, our traditional slow months.
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3 October 2024 | 17 replies
Hi Stephen,Sorry for your troubles but it seems like the provider came through in the end which is nice to see.And promising to cover rent for the delays caused shows character also.Being a turnkey provider myself since 2014, I can attest to that unfortunately many things sometimes aren't in our control.Especially when it comes to the citiy, contractors and pulling permits, etc...Our traditional promise is that the property will take 90 days to rehab and tenant.Have we gone over 90 days?
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4 October 2024 | 8 replies
In my experience, traditional banks will take 70% of LTR income but not any business income unless it’s shown income on tax returns for 2+ years.