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27 December 2021 | 13 replies
The issue is that most loan products offered on residential homes don’t care about cash flow.
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8 December 2021 | 14 replies
They invite the community to a zoom presentation where they have all their selling system in place… Today they launched a product, their first investment in the USA, they will invest in San Antonio Texas, I think the project is made of 12 duplex homes, they will add a room to each of those houses to increase the rent, here you can see the link to that presentation Vive de las rentas - Vive de las Rentas USA: Lanzamiento Friends & Family | Facebook.4 / 5.
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3 December 2021 | 0 replies
Has 2 valid addresses according to USPS but only 1 is actually associated with the house3.
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4 December 2021 | 7 replies
Not trying to schill their products but they have some great content for getting started and things to know.
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3 December 2021 | 1 reply
The more creators in the house the more investments made into the house to make it most presentable for production.
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6 December 2021 | 10 replies
If the wholesaler assigned a valid contract then you should be okay.
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8 December 2021 | 7 replies
Our goal is to rent your vacant property as efficiently as possible, which requires us to balance how long a property is vacant, rent amount and tenant quality.Screening ApplicantsPoor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before your property is marked pending.
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5 December 2021 | 61 replies
On the other hand, I think I can go the SFH route and get a higher quality product that I can hold for 30+ years, better tenant pool, and folks that want to stay longer so vacancy lower.
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9 December 2021 | 10 replies
I often see lots of duplexes selling for only 20-30k less than a similar quality triplex, so to me I'd rather pick up the 3rd unit for pennies on the dollar, ESPECIALLY if you're utilizing a low down loan product.
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8 December 2021 | 9 replies
Considering its in an LLC product that seems very competitive.