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4 January 2025 | 35 replies
I am already have a good lender that has pre-approved me with a DSCR loan so all I need is to find the right market to invest in!
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9 January 2025 | 107 replies
That's not exactly an up and coming area -- I'd research who built them - can likely find that by going to the SG County Recorded Docs site or by seeing who pulled the permits during const -- Wichita has been on a duplex building boom -- look at the tax value -- They probably have that or less in it on the build - I also doubt they were built to be quality long term -- things such as the trim/cabinets etc -- they all look like the cheapest stuff a guy could buy - if the cabinets aren't oak and there is MDF or pine trim and pre-hung doors with engineered wood jams I'd run. 2-3 yrs ago for $180k -205 or so you could buy duplexes in Maize, Kechi, Valley center all day to builders that were selling them off to investors - not worth that in that area.
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13 January 2025 | 5 replies
They don't tear things up, they don't party, rent is generally paid early, lots of positive attributes!!
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14 January 2025 | 28 replies
I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company.
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8 January 2025 | 34 replies
You can get the Bigger Pockets paid membership and use their Find a Market Tool to analyze.
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11 January 2025 | 5 replies
If you foreclose and take it back then you can resell it later but if you are owed $25,000 and it sells at foreclosure sale for $40,000 you don't get paid $40k.
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13 January 2025 | 31 replies
By working for a larger corporation you are gaining an unfair advantage, by letting them train and develop you (while you are getting paid) and you do real estate on the side.This idea is not from me, read RichDad.
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31 January 2025 | 19 replies
I did a "blind" assessment where I paid/reimbursed a close family friend to go in as a guest because there were a lot of details I wasn't privy to- and wanted to understand (the whole experience and process from the guest perspective from the initial inquiry, emails, etc.).They shared the email communications (some of which was glitchy or not quite as good as what I'd expect, or told me of delays in receiving responses).
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11 January 2025 | 49 replies
I've owned this house for 2 years.The Costa Rica attorney I've been using says that I need to get another Power of Attorney and is quoting me $600 to do the paperwork for a power of attorney.The price seems steep and I'm not certain when I need a new power of attorney when I paid for one last year.
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8 January 2025 | 13 replies
I assume you currently have a residential mortgage that does not have a pre-payment penalty.