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17 February 2025 | 7 replies
I only recently became licensed, so I would have a long way to go in order to comply with the 2-year experience requirement, but I have been an active investor for 5 years so I am wondering if I would fall within the 3 year exemption, below:- Have at least two years of experience as a licensed real estate salesperson or at least three years of experience in the general real estate field or a combination of both- Meet the minimum points required for the experience type (e.g., buying and selling your own property, managing property owned by your employer)Thanks in advance!
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21 February 2025 | 6 replies
It'll likely pick up again at some point, I'm hoping that this summer will be much better than last year was.
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25 January 2025 | 25 replies
It's a starting point to find a place to look under the hood...though you are usually a year or two too late if you don't have your own investment thesis and/or do your own research.
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28 February 2025 | 15 replies
We once had a lock with letters and it was a year before we could remember what we set it to
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24 February 2025 | 8 replies
Using a 203k, you'll usually have quite a bit of equity that in 1-2 years you should be able to refi out of the FHA loan product into a conventional removing the MI associated with FHA loan products.
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7 February 2025 | 5 replies
The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.
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20 February 2025 | 10 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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6 February 2025 | 2 replies
local REIA groups are filled with investors looking to buy properties.
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27 January 2025 | 12 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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20 February 2025 | 2 replies
After they went up in 2022 and many people including myself thought they were going to come down the next year, but that did not happen.