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25 June 2024 | 9 replies
If so I would recommend local meetups and meeting folks from BP forums who are local.
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25 June 2024 | 9 replies
If so can you PM it to me, his name was Sean Ilg?
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26 June 2024 | 5 replies
@Jason Greenway For conventional financing most lenders will not allow you to put a home under an LLC, it has to be in your personal name.
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25 June 2024 | 7 replies
Here’s a detailed breakdown of these two types of markets and the factors that contribute to each:Cash Flow Market, a cash flow market is one where rental income exceeds the expenses of owning the property (mortgage, taxes, insurance, maintenance, and property management), resulting in positive monthly cash flow for the investor.Key Characteristics:High Rental Yields: Properties typically have high rental yields compared to their purchase prices.Stable or Slow Appreciation: Property values increase slowly over time, if at all.Lower Property Prices: Generally, property prices are lower, making it easier to achieve positive cash flow.Higher Rental Demand: Strong demand for rentals due to economic factors, demographics, or local employment conditions.Factors Contributing to Cash Flow Markets:Economic Stability: Stable job markets and steady local economies that support rental demand.Rental Market: High percentage of renters compared to homeowners.Affordability: Affordable property prices relative to rental income.Local Policies: Landlord-friendly laws and regulations.Appreciation Market, an appreciation market is one where property values increase significantly over time, offering substantial capital gains upon sale, but rental yields may be lower, resulting in lower monthly cash flow.Key Characteristics:High Property Value Growth: Significant annual increases in property values.Lower Rental Yields: Rental income may not cover the monthly expenses, leading to lower or even negative cash flow.Higher Property Prices: Generally higher property prices, which can make it harder to achieve positive cash flow.Strong Economic Growth: Rapid economic growth, population influx, and development.Factors Contributing to Appreciation Markets:Economic Boom: Strong local economy with job growth and high-paying industries.Population Growth: Influx of people moving to the area, increasing demand for housing.Infrastructure Development: Significant investments in infrastructure, amenities, and services.Desirability: High quality of life, good schools, and attractive neighborhoods.I hope this information finds you well.
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26 June 2024 | 4 replies
I am a local investor/contractor/ roofer here in jacksonville.
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26 June 2024 | 16 replies
Local Realtors will know lenders to send you to so don't worry if you're financing a property of this type.But it is a problem I almost guarantee you'll run across if you're financing a Condotel.
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25 June 2024 | 4 replies
Research local rental market trends for 3-bedroom, 2-bathroom homes to determine competitive rental rates and ensure they align with your financial goals.Consulting with local real estate professionals can provide valuable insights into market trends and potential challenges.
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26 June 2024 | 21 replies
Either way since we are local we should connect and share ideas.
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24 June 2024 | 2 replies
They left me a picture of some names and numbers of people I should talk to.
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25 June 2024 | 1 reply
We are working with our local small town bank.