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16 July 2024 | 2 replies
He is pretty active on BP, an attorney and former judge, and owns 50+ rentals.
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16 July 2024 | 3 replies
ARV : $250,000Monthly gross rental income: $4600Monthly mortgage payment: $1100Property description: completely vacant 4 family (three 3 bedroom, one 2 bedroom apartments) in a competitive rental market with housing shortage (large pool of candidates) 7000 sq ft property with massive units, roof was torn off and redone, newer hot water heaters, furnaces, electrical, plumbing.
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16 July 2024 | 3 replies
What’s recently sparked my interest is partnerships with rental property owners and posting properties on Airbnb.
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10 July 2024 | 6 replies
I hope this message finds you well.I'm reaching out to see if anyone has any Landlord/Rental Property Insurance recommendations?
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18 July 2024 | 20 replies
When people express interest (no pun intended), you should have a package prepared to share out (not right away necessarily - but after you've entertained the topic at a high level) that includes your project experience (past flips) and schedule of real estate (rentals) as well as settlement statements that can back up your purchase price and exit.
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18 July 2024 | 17 replies
In the meantime, ask away on here and I'll answer as best I can. im an investor in Philly as well, I currently have some rentals , have done 1 fix and flip.
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16 July 2024 | 5 replies
Can i require the tenant schedule a time with repair person for W/D.Yes, it is normally the tenant's responsibility to open the rental for a contractor.
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16 July 2024 | 5 replies
Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.
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13 July 2024 | 24 replies
It restricts the collector from disclosing the borrower's debt details to anyone except the borrower, their spouse, or their attorney.Gramm-Leach-Bliley Act (GLBA): This federal law mandates financial institutions to protect customer privacy.Fair Credit Reporting Act (FCRA): This law regulates how credit reporting agencies handle borrower information.
12 July 2024 | 7 replies
Credit Unions can be great but you're at the mercy of their individual guidlelines and old school Underwriting "gut checks".We(Lower.com), offer HELOCs on investment properties and 2nd homes, we go off of the "Agency Definition" of a 2nd home which is "occupied for some portion of the year".