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20 August 2024 | 32 replies
Just across the bridge, in Colbert County, is more modest housing, also.
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21 August 2024 | 7 replies
So my property is at the edge of a city limits 3 house to the right starts a new city and my appraiser said i can only use comps in my city limits i can’t go out of my city limits has anyone else experience this or have information on if that is correct
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20 August 2024 | 16 replies
There has been so much AirBnB panic over the last year and a half, yet I have not experienced any of it personally, actually the opposite.We changed our pricing strategy for 2024 based on some market analysis from the previous year in an effort to increase lead times, average stay, and ultimately revenue.
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20 August 2024 | 4 replies
Note that many of the solutions out there offer 30 minute to an hour guided demos with a sales person/tech person.
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20 August 2024 | 9 replies
Many of them will meet in person and you never know who would will meet or learn at these groups.
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19 August 2024 | 7 replies
I scaled through house hacking 2 and 4 units.
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22 August 2024 | 10 replies
That has been talked about forever.While I mention that I would agree Springfield, west Alexandria and Annandale are ripe for a huge boom as on the Virginia side it’s the one area that does not have great metro access so the cost of housing is considerably less than abutting downtown Alexandria / Alexandria-FFX county and falls church.
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15 August 2024 | 5 replies
Hi everyone,At the end of July, my girlfriend and I successfully purchased our first house hack!
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19 August 2024 | 8 replies
I personally average 1 title claim about every 3 years.. last three were Land locked title company missed it .. forged deed title company paid it promptly..
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20 August 2024 | 2 replies
There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself.