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18 March 2024 | 4 replies
Example: a listing with a cool property but bad pictures or poorly written Airbnb listing, or maybe it needs a new design refresh or doesn't get many reviews.
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18 March 2024 | 2 replies
@Yael FuerstIf they are rentals you could get a DSCR loan.If the loan you get is lower interest rate than the current loan amount then it makes sense to do thatFor example if your debt is 10% and a DSCR loan is 7%, then pay the lower interestHope that makes sense
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18 March 2024 | 2 replies
If, for example, I could get hard money to purchase/repair and pay off in a year, I'm confident I could do so without loss, but only if the payments could accrue in the background, collecting interest, without being paid until the house sells.
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18 March 2024 | 3 replies
This is typically the monthly rent multiplied by 12.Estimate Operating Expenses: Sum up all the expenses associated with owning and managing the property on an annual basis.
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19 March 2024 | 17 replies
I will say if you have a good agent they will have contacts for GC's and property management making it much more passive than a typical project will be.
17 March 2024 | 24 replies
For example the first $50,000 in damages/claims they will insure and then get a policy to cover anything above that.
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18 March 2024 | 1 reply
For the market it's probably 50-60% or more below market for 2 bedroom brick duplexes, for example.
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18 March 2024 | 5 replies
Even real life examples.
19 March 2024 | 16 replies
Nothing wrong with investing there, but just understand that things are typically "cheap" and "expensive" for a reason.
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18 March 2024 | 1 reply
Reason is what happens if the home needs repairs, do you have $ to cover it or if prices dropThey also will typically want a personal guaranteeYour best bet would be to find someone you know as the conventional private lenders will view this as too risky