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15 August 2024 | 4 replies
Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.
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15 August 2024 | 3 replies
As Brie mentioned, you can not deny tenants because of their vouchers.There are other subsidies that you could look into besides CHA.I bet @Mark Ainley or @Jared Kott could provide some better context than me around the subject.
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11 August 2024 | 5 replies
I have never lost an eviction case.The typical cost of eviction, including serving the Writ, is almost always under $500.00 and accomplished in less than 30 days.
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14 August 2024 | 9 replies
This is 100% leveraging, which is high-risk, and it probably doesn't make sense because the loans will be more than the income.This property sounds like a good opportunity, but I recommend you find a way to save up for the down payment.
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12 August 2024 | 14 replies
When title or escrow company handles a settlement, they look into a lot more things than just the land records.
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13 August 2024 | 5 replies
I also like being able to set up virtual credit cards and time them to individual properties.
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16 August 2024 | 8 replies
If there are over 10 rental listings on the market for more than 30 days, could it be inferred that at least 10 landlords have mispriced their rentals for the entire neighborhood/area?
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11 August 2024 | 16 replies
(at least for now) Even with a somewhat slower year than last in rental demand, even with interest rates returning to historical norms, overall home prices in the Gatlinburg market continue to remain stable, if not slightly climbing.
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9 August 2024 | 12 replies
anything less than 12% and 2 points is a big win
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15 August 2024 | 9 replies
( both new builds and or rehab properties) I was not able to find any, rent to retirements has some in Ocklahawa which is kind of close to Ocala…but from what I read on the forum Ocklahawa is a lot more rural than Ocala, and not appreciated as much, is this true ?