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5 June 2024 | 9 replies
You could essentially put the whole amount in escrow if you have access to those funds at the moment.
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7 June 2024 | 4 replies
Brian,I am a but and hold investor (central ma) who built a portfolio on prices and interest rates of the past.
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7 June 2024 | 7 replies
You might have to lower your cap rate expectations in the short term, but it's worth it for better long-term gains.
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7 June 2024 | 3 replies
@Joseph Chiofalo has some great nationwide STR investment loan products and fixed rate second/Helocs for investors loans clients tapped into recently.
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5 June 2024 | 0 replies
DSCR with 20% down, and our own cash to fund the rehab.
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7 June 2024 | 9 replies
G'Day guys,Lately, I've been super duper pissed off with our investors that I decided to keep all of the deals for myself 🤷♂️I've always preached that there is not a single deal that we sell that I wouldn't be willing to keep for myself.So there's that lolJust picked up a 6 unit which us humble Ohio folk would consider an A class area (Sorry East and West Coasts as our A class is your Z Class lol)$160,000 purchase price$50,000 rehabCurrent rents are $3,000 per monthOptimized rents will be $4,000 per month.BPO before purchase $220,000 - $250,000ARV $350,000ARV with interest rates at 6% potentially $400,000+Cashflow = S#%$ load $$$Granted, it took 4 months to get the contract signed and we had to go to McDonalds 4 times to meet with the seller so sign each page individually single time lolYep, it was one of those.All in all, great deal and they are definitely out there.Working on another one now that will be converted into a duplex and is located in a top notch school district.Somehow picked this one up for $20,000 and needs $45,000 in rehab.ARV is $110,000 conservatively Combined rents will be $1,300pm.Ohhh yeah, almost forgot.Also, picked up a SFH from a wholesaler believe it or not for $20,000 that after inspection needs around $15,000 in rehab.ARV all day long is $80,000.Says WHO there aren't any good deals???
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6 June 2024 | 2 replies
@Michael GreerSomething doesn’t seem rightYes you win at sheriffs sale but the sheriff and courts need to finalize the funds and who gets what and then issue the deedYes in some places this can take monthsWe had one in PG county Maryland that took 14 months for them to issue the sheriffs deed
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7 June 2024 | 3 replies
Renting out your current SFH would be a great opportunity especially if you have a lower rate.
6 June 2024 | 0 replies
I agree not to pursue eviction based on rent amounts reimbursed by these funds and agree to dismiss any pending eviction case that is based on or seeks to recover the reimbursed arrears.
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5 June 2024 | 9 replies
We had previously looked into STRs (Gatlinburg), but it is a difficult segment to get into due to being so far away (5 hours driving) AND current interest rates.