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9 May 2024 | 65 replies
The fact that paid information has a higher success rate than free information does not form a basis to say that paid information is better or more effective than free information.
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7 May 2024 | 6 replies
I've stopped at houses and started conversations with neighbors of houses that are in disrepair and have bought more than a couple by doing so.
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9 May 2024 | 8 replies
Orlando is a tough market, I think it would be very difficult to show any return at all right now with the high rates.
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10 May 2024 | 30 replies
If you're looking for consistent rental revenue, search for places with high occupancy rates and rentals that meet your expenses, such in the Midwest with cities like Cleveland and Indianapolis.
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8 May 2024 | 9 replies
Just had this conversation with someone in the NRV last week.
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9 May 2024 | 12 replies
I currently reside in a higher-end condo in Orlando, Florida, and obtaining a mortgage with a sub 3% interest rate was crucial for making it a feasible investment.Allow me to share a personal anecdote that sheds light on the condo buying experience.
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9 May 2024 | 3 replies
Rather than taking out some boot from your sale to pay off debt, you could take a detailed look at your financing math after buying a new property and then strategically refinance to replace expensive debt with cheaper debt, but this is not very easy in today's rate environment.
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9 May 2024 | 4 replies
Most work this way BTW Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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9 May 2024 | 4 replies
One question I like to ask when I interview PMs is asking for their current occupancy rate, which I think is a key metric.
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8 May 2024 | 1 reply
With higher interest rate and negative cash flow currently i won't be able to hire property management and planning to rent it out myself.