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20 September 2021 | 11 replies
So far I have been in the Dayton Cincinnati area and work with a great TK provider.I hope the community here can give input which proven TK providers in Cleaveland and the surrounding area I should consider.Here are the criteria I always apply:- TK finds the property in A and B class neighborhoods that need renovation- Renovations include all major systems and I as an investor get to see/sometimes expand the renovation - SOW- Sales price is at or below appraisal value- TK is responsible for full-service property management @ 10% of rent or less- Rent income is between .85 - 1% of the sales price- Property is offered financeable (TK does not only offer cash-only options)- TK offers warranties on renovation work- TK aims to secure long-term rentals (multi-year)Ideally, I am looking for a Cleveland TK that meets or exceeds all these criteria.
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4 March 2023 | 10 replies
Comparing the results with long-term rental prices will give you a good idea of which option is more profitable for each property.Offering no more than market value and aiming to make at least one offer every four months is a good goal to have.
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7 March 2023 | 1 reply
Having a great contractor and access to off market deals, flipping seems logical to supplement my normal realtor business especially if it takes minimal time / energy.
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25 April 2019 | 9 replies
The terms of mortgage financing are the following:Type of financing: F_H_A__________________________ Loan Amount:$_2_4_0_,_56_2_________________________________ Term in years: 30_____________________________ Maximum loan to value ratio:_9_6_.5_%________________________Final date for receipt of mortgage commitment, including the appraisal, if required by lender (the “Commitment Date”):(b) Buyer will make written application in a manner consistent with that provided for above within calendar days of the effective date of this Agreement, and shall use their best efforts and diligently pursue such financing and promptly file any supplemental information, papers and/or other material that may be requested or required from time to time by the lender.
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23 March 2023 | 83 replies
But, until both appraisals are competently reviewed and more appraisals are conducted under similar scenarios, none of these accusations are evident.But, thank you for caring about this situation as much as many of us do, we are all on the same side here, wanting to help rid the world of these injustices, but we should be careful of where we aim our intent, as it may be misguided and cause real harm.
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3 April 2023 | 5 replies
There are some other factors to consider, but I would generally aim for the bigger property.
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3 April 2023 | 15 replies
We’re experimenting with this as a way to supplement income on some of our upscale airbnbs.
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30 April 2020 | 3 replies
I’ll be aiming at 500k and up properties within the city and eventually a few select suburbs.
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20 August 2020 | 5 replies
This helps when vetting properties and making sure you can hit your ARV goals.Additionally, you can supplement your income in the REI field if you run stagnant on properties.Often times though, you get the most experience in investing by simply just investing.
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24 April 2023 | 17 replies
I've noticed investors have altered their aim but maintained their criteria.