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16 January 2025 | 18 replies
Typically they will have referrals to local accountants you can interview.
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14 January 2025 | 9 replies
That being said real estate investing is typically a long game and with just 2 years under your belt you’ve just started.
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6 January 2025 | 7 replies
-Max LTARV is typically 75% -Is a 12-24 Month Interest-only loan with a balloon payment - Minimum credit score is typically 600 -Interest on the Rehab is usually paid per the total drawn amount.
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15 January 2025 | 39 replies
. - Just be prepared, because a motivated seller typically has a property with issues you need to be sure you can solve.
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6 January 2025 | 2 replies
----------------------------------------------------------------------------------------------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?
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23 January 2025 | 15 replies
Some carriers don't ask but you should make sure that you're not indicating (in the policy application that is typically e-signed) that you aren't using your property for student housing if you are.
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10 January 2025 | 2 replies
And then also do you typically repay each partner their upfront costs from the profits before then distributing profits?
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10 January 2025 | 4 replies
Without accounting for management fees (I have not yet decided if I will try to self manage), and with planning to raise rents to typical market of $825 for each of the smaller units, and $1200 for the larger unit, does this seem like a worthy first investment?
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11 January 2025 | 8 replies
Typically 75% of rental income can be applied towards your DTI for qualification.
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11 January 2025 | 9 replies
Typically the first set of tenants I screen are the ones who end up in the unit due to prescreening activities like my application and making sure I meet them.