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7 June 2024 | 4 replies
But I really feel now is the time to jump and start meeting and talking to people.
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12 June 2024 | 7 replies
Also, does anyone use/have feedback on local Airbnb cleaning services?
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12 June 2024 | 8 replies
I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town. 8 standard 2/1 apartments - Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k Cap: 10 (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth, 34k/yrCurrent Cash flow: 531/mth, 6,378/yrAfter reno Cash Flow: 2131/mth, 25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).
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12 June 2024 | 11 replies
if you have to demo it all, way easier to have it done vs spending time or money and less surprises.very different project then 20 yr old cosmetic flips and may require a lot more permitting and upgrades since it's all open the building dept may want you to meet current code as much as possible.
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11 June 2024 | 6 replies
I am in the Tampa Bay Florida area and look forward to meeting, working and learning from those who are willing to share your knowledge.
10 June 2024 | 20 replies
.- You can find your local real estate investing meetups.
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11 June 2024 | 5 replies
@Mia Kirsch we actually got a 2nd FHA but hard to find a lender who actually knew that was a thing and had to be more than 75 miles away for a new job as we didn’t meet the other criteria like larger family.
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12 June 2024 | 20 replies
Find a renter that meets your qualifications.
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10 June 2024 | 11 replies
Listen to pod casts, read books/forums, go to meet ups and chat with current investors. 2- Take action.
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12 June 2024 | 2 replies
I'd reach out to someone in a local REIA where the property is located- those folks will know of some private individuals that are looking to lend. if the SFH is your primary residence, you should be able to get a HELOC at a decent rate from a regional or credit union.