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2 January 2025 | 12 replies
Quote from @Briley Roe: yes those fees are very high as you have a broker fee and other fees for a loan little over $100k at 6+ points.
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22 January 2025 | 12 replies
But occasionally we have issues and tenants need to be asked to leave or just decide to disappear in the middle of winter and it sucks.The worst part is I find the quality of tenant interested or willing to move this time of year isn't the greatest either - often times there is a reason they have to move right now since most landlords don't like ending leases this time of year.Either lower your rent or just hang in there.
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24 January 2025 | 5 replies
Even still, it could be said that I've still lost money due to my time on the tools instead of prospecting as a real estate agent (the cost of lost opportunity).If you can truly do 80%-90% of the work yourself (at acceptable quality levels) and you aren't sacrificing your time where you can get better returns for your efforts, then yes, it can work even up here in Canada.
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22 January 2025 | 6 replies
Find a quality agent in Texas, then ask them if they offer a referral fee.
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4 February 2025 | 13 replies
I think the first place to start is evaluating quality deals.
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8 January 2025 | 9 replies
Budget carefully, prioritize high-ROI renovations, and adhere to strict timelines to maximize profitability.
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5 February 2025 | 9 replies
Even though buffeted by high interest rates and spiking insurance premiums, overall prices are still rising.
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2 January 2025 | 3 replies
I just closed a DSCR loan on a Duplex with Total Quality Lending.
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22 January 2025 | 2 replies
Historically, full service management on the coast has been costly but in recent months management rates have come down and quality has improved.
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20 January 2025 | 22 replies
@Tove Fox hope you find this copy & paste useful:)-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?