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20 August 2024 | 10 replies
The LLC is owned by my revocable family trust that my wife and I are the only trustees of (have a certificate of trust that can be provided).* My insurance carrier does not accept escrow payments, so I would need a solution that wouldn't require escrow or something creative with the escrow.Property Details:Duplex located in Wisconsin (city of approximately 9,000 people)Purchase date: 05/10/2024Purchase Price: $85,000Rehab: $31,000ARV: $140,000 (still need to have appraisal completed - this is based off of my comps)Projected rent: $1,450 / month (just listed so no leases yet.
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22 August 2024 | 31 replies
I know lending institutions have foreclosure lists as well.
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23 August 2024 | 29 replies
I'm a new landlord, so I do not have a well developed gut feeling for prospective tenants.I have a house, 4/2, I live in one room and rent out the other 3.
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19 August 2024 | 2 replies
A few days ago, I said, "When I look at social media from people who are doing it well, they are always teaching."
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22 August 2024 | 11 replies
You can succeed even now if you have enough money so you are in control of when to sell, and your tenants are screened more than well.
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20 August 2024 | 21 replies
What we find is that owners in your position can do well in a set of ideal circumstances: the home is in great condition, they find excellent tenants who treat the property with care, and nothing crazy happens.
22 August 2024 | 8 replies
FF really only does well with medical professionals on travel contracts - so if your property is affordable and near a hospital it would do well, otherwise usually crickets - at least here in FL.
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19 August 2024 | 10 replies
Most builders require you to provide a Pre-approval letter or Loan commitment from the bank.
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20 August 2024 | 28 replies
If you can elaborate more on what you are looking for, I can provide a bit more advice.
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22 August 2024 | 4 replies
While I'm also looking around, I figured I might as well ask the nice folks on BP.If you have a broker you love or a policy you've used before, would you mind sharing that info?