Vidal Gonzales
Certified Appraiser Trainee
23 May 2024 | 2 replies
Since the Dodd-Frank Act and HVCC (Home Valuation Code of Conduct) in 2010, most lender appraisal orders are given to amc's, where they may charge the client one fee and pay the appraiser a significantly lower fee, as well as causing other headaches dealing with them.
Jacob Guariglia
Experience with Land Equities Inc.?
27 May 2024 | 22 replies
I always buy with a title company but still offer "in-house" sales because they save me about 3 weeks of time and $750 of escrow fees.
Dustin Lunceford
Owner financed offers on my listings
25 May 2024 | 4 replies
From my experience I would avoid it as a seller unless I was getting a large down payment, a larger purchase price, or a higher than market interest rate.
Aaron Fine
Lending to flipper for construction w/o collateral
26 May 2024 | 8 replies
If they have no cash your taking a huge risk on a ground up new build. and for that you would want to get a standby rate of interest like I do say 10% and I would charge 50% of the upside profit.. if they are putting cash into it.. 3 to 4 points and 10 to 15% interest is market.and you give them money in draws as work is completed..
Mike Auerbach
Biggest 1031 Misconception - "1031 Buyers Over Pay"
25 May 2024 | 3 replies
To the degree, one is realistic, the probability of finding a replacement property increase.Say you want to sell a fourplex to trade into and buy via 1031 a 20 unit apartment building.And the market cap rate is 6% but you want to buy something that offers a 6.5% cap rate, you probably won’t be able to find it.
Peter S.
Medium term rental software
24 May 2024 | 2 replies
Rentometer: This tool helps you determine rental rates by comparing them to local listings.
Kara Courtney
OKC Investment Funding Under $80,000?
24 May 2024 | 19 replies
I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.I plan to put 25% down to get the best rate.I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don’t like these options because the interest rates are higher than a Conventional loan.Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?
Isan Sahoo
What's the STR forecast for 2023?
24 May 2024 | 100 replies
Look at their rates and look at their booking calendars.
Mateo Monsalve
Diversifying my portfolio, when to invest overseas?
24 May 2024 | 5 replies
Real estate can appreciate overseas but you could still lose money based on currency exchange rates and strength.
Adrienne Harrison
Property management rates around Minneapolis for Duplex, 4-plex
21 May 2024 | 15 replies
And what rates are people paying?