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2 January 2025 | 13 replies
Most of the investors I talk with have a hard time finding deals that work on the market.The investors that I work with are finding that New Construction is a good option.
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30 December 2024 | 7 replies
I also added language to make it clear that any temperature adjustments should be reasonable, so it’s not left open for tenants to make claims.
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2 January 2025 | 11 replies
I made adjustments, and it paid off when I found great tenants for the third-floor unit.Improvements Add Up: From installing a shared washer and dryer to renovating my unit’s kitchen, every improvement added value to the property and increased its appeal.Stay Financially Savvy: Refinancing my mortgage and renting out the garage spaces were big wins that helped offset costs and improve cash flow.Expect the Unexpected: Maintenance surprises (like a flooded toilet or diagnosing strange sewer smells) are part of the journey.
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16 December 2024 | 1 reply
I have always been interested in home construction techniques that are different or older.Container homes, these sorts of shot-crete homes, bale homes etc.The biggest issue is not that fact that they will rent, for if they are in the right location, of course they will rent just fine.
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28 December 2024 | 1 reply
This allowed me to get a construction loan to repair the other buildings and repay my investment into the property.
29 December 2024 | 9 replies
Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.
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24 December 2024 | 2 replies
I recently changed the rental type to "whole house" and the fraudulent listing also adjusted its rental price.
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31 December 2024 | 5 replies
High rates are here for at least the medium-term (1-2 years), so deals will have to pencil in this current environment.You may also want to consider hard money for your lending, as they can often fund your construction with far fewer restrictions than a HomeStyle loan.
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27 December 2024 | 9 replies
Get a bank statement to cross-reference their paychecks as most employers now direct deposit.You'll also see if they have a savings history or are living paycheck-to-paycheck.If they are not paying rent right now and have no savings, how well do you think they'll be able to adjust their budget, so they can pay rent on time?
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26 December 2024 | 7 replies
Quote from @David Sam: Hi, I bought my first investment property ( new construction SFM) few months back.