Chas Lumley
Recommended documents before making an offer.
11 December 2024 | 5 replies
Quote from @Chas Lumley: Quote from @Caleb Brown: Getting leases is typically done once under contract, I always have verbiage that leases will be reviewed by buyer within the inspection contingency.
Joy McQueary
Multifamily // Cash Flow & Appreciating Markets
13 December 2024 | 13 replies
@Joy McQuearyRecommend 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?
Harris Lee
Doorvest experience journal
16 December 2024 | 12 replies
The ideal home price for you will depend on: 1) downpayment size 2) risk appetite, 3) preference for more cash flow or appreciation.Given our price points, our investors need to have 35-45K to start, on average.The typical cash-on-cash return on our properties net of loan payments, insurance, taxes, and property management fees is 6-8%.Ultimately, you can obtain financing from any lender, although we have partner lenders that can provide very competitive rates.
Tom Dieringer
What are some of the biggest differences between an urban STR and vacation market STR
14 December 2024 | 4 replies
Those groups typically research and know what to expect, which make them “easy” to host.
Elliot Tan
Can you assume a VA loan with an entity?
13 December 2024 | 2 replies
VA loans are typically meant for individual borrowers, not businesses or entities.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
One of the biggest aggregator was bankrupt last year.For day trading crypto I don't even need to give a comment.The typical biz of these guys is they try to build a highly credential because they work/started company a,b,c,y,z but if you dig deep it's only one or two guy operations.Even this company is only having virtual colo office for $70 a month LOL This thread wild dawg
Julio Gonzalez
Cost Segregation Reclassification Percentages
11 December 2024 | 2 replies
The cost segregation studies that typically yield the highest credits and deduction are for properties valued at $150,000 or more or that have lots of added features such as components to operate or high-end custom finishes.
A.J. Zunino
Trying to understand the risks involved with cash out refinancing
16 December 2024 | 3 replies
Typically it's 70-80% range.
Anita Z.
How do you screen an STR tenant ?
25 December 2024 | 22 replies
For ID verification, I typically rely on Airbnb’s built-in process, as it’s seamless and keeps everything within their platform.
Kay S.
Closing Costs for Seller Financing?
15 December 2024 | 6 replies
For costs, you’ll typically need to budget for title insurance (usually around 0.5%-1% of the purchase price), attorney fees (varies but can range from $500-$2,000 depending on the complexity), and closing costs (might include recording fees, escrow fees, and other admin costs—generally $500-$2,000).