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16 September 2024 | 3 replies
This might work in a strong sellers market, or it might make people wonder what is wrong with the property to be priced so low (and then don't bother to go see it).While I like to price my listings in the middle range of what I think the market will pay, there are (for now) still lots of new agents that don't realize when you've priced low to hopefully start a bidding war.
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16 September 2024 | 8 replies
Much of Detroit is "block-by-block", but that won't work for OOS investors.So, we've classified all the Neighborhoods to help investors make more informed decisions.DM us for more info.
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16 September 2024 | 5 replies
**Exit Strategy**: Make sure you have a solid plan to refinance or sell the property before the loan term ends or in case the lender enforces the due-on-sale clause.Being diligent with these aspects will help avoid potential pitfalls in your first Subject To deal.
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16 September 2024 | 1 reply
If not, well you know the old saying, "the best time to get a lead paint certificate for your units was last year; the second best time is now".I've been told that the RI DOH may not start hitting people with fines for failure to register on October 1 as the law allows them to, due to the insufficient # of inspectors in the state to meet the demand.However, I've also been told that the other part of the law, the one that makes it so you cannot file for an eviction in RI without a current lead paint certificate, is expected to take effect sharply on October 1st.For anyone who hasn't submitted their properties/units to the new registry, I have a 15-page guide (with screenshots) that walks you through it.
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13 September 2024 | 2 replies
I am looking to buy more properties but putting down 20-25% each time plus closing costs etc is a lot of money that I also want to allocate to other goals.I have heard partnerships are a strategy to leverage other people’s money to create deals that will benefit both sides depending on terms that are setup.
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13 September 2024 | 35 replies
We have the funds to infuse the money into a reno, not a full rehab.
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12 September 2024 | 9 replies
Which is why, it seems my only options are conventional investment loan, seller finance/assumable, 2nd home loan, hard/private money?
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11 September 2024 | 11 replies
In Northern NJ, to make 100k, your buy-in price would be around 600k or more.
12 September 2024 | 9 replies
Currently I'm having a hard time filling my rooms, and it's making me re-think should I allow cosigners if I screen them more?
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12 September 2024 | 32 replies
You are intentionally trading time for money to make the numbers work.