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1 August 2024 | 2 replies
I even have a mixed use property I’d like to throw in if any lenders can get that creative, but that one’s not a deal breaker.I currently use several DSCR lenders for my BRRRR’s, but the 2 main issues I’m running into on this portfolio are: 1) unable to finance the rural properties, and 2) unable to finance the mixed use.Thanks!!!
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30 July 2024 | 7 replies
Now I'm looking for a more generalized list to potentially add to my direct mail campaign down the road.
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31 July 2024 | 6 replies
If you have any feedback on additional things you would like to see please reach out directly!
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29 July 2024 | 9 replies
The monthly rent would likely be lower, but the entry costs and potential regulatory hurdles might also be less.Here are my main considerations:Rental Income: Higher in Berkeley ($2k/month) vs. potentially lower in the Midwest.Appreciation: Likely higher in Berkeley.Management: Easier to manage the ADU since it's close to home, but more regulatory headaches.Diversification and Simplicity: Potentially less hassle with a property in the Midwest.Given these factors, what would you recommend?
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31 July 2024 | 20 replies
I hope to pick a direction.
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30 July 2024 | 2 replies
I would just say the biggest red flag here is "anything sounding too good to be true" - whether thats a hard money interest rate well below market, or 100% "no skin in the game" financing, etc. - those are the biggest red flags here IMO
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30 July 2024 | 0 replies
Here's how you can find good deals on properties that might need some work or are priced lower than usual:Connect with People - Make friends with real estate agents, lawyers, and others who know about properties that need to be sold quickly or aren't in great shape.Reach Out Directly - Send letters or use websites to contact property owners who might want to sell fast.Look Around - Drive or walk around neighborhoods to find houses that look like they need fixing up.
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31 July 2024 | 11 replies
I will definitely consider personal mortgages; it appears the down payment and interest rate will be lower than DSCR loans.
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31 July 2024 | 9 replies
A good PM can steer you to the areas that perform the best and are in the most demand.If you rely on a sales agent, they may not have any idea what makes a good rental and could steer you in the wrong direction.
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29 July 2024 | 11 replies
Listing the pros and cons of the softwares you currently use would be helpful, too.