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25 October 2024 | 7 replies
I had it prior but had to make a career choice about 5 years ago when I was working for a dealership because it was too time consuming to keep it open.
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14 November 2024 | 0 replies
Acquired the property with cash (to compete with all-cash buyers at the time) and then refinanced 2-3 months post-close How did you add value to the deal?
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14 November 2024 | 0 replies
I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.
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18 October 2024 | 1 reply
For BRRRR investors, seasoning requirements can significantly impact your ability to quickly recycle your capital.While most lenders require you to hold the loan for at least 6 months (aka "seasoning"),Fabulous 5BUY - short-term bridge financing to help you with investment property acquisition.REHAB - With up to 100% rehab financing, you can stay liquid through renovations.RENT - Tenant in place or future tenant.
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14 November 2024 | 6 replies
We just acquired a duplex that (at closing) was supposed to need about $4K in mold remediation.
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14 November 2024 | 3 replies
Any issues to look out for or avoid?
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14 November 2024 | 19 replies
They all want to talk about their investments and you are there to listen.
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14 November 2024 | 10 replies
Yes, it doesn't have to be one purchase.
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14 November 2024 | 1 reply
It only applies to residents living in Jerome Village so for investors, it would only apply to rental income from Jerome Village properties, not your entire portfolio or out-of-state income.
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14 November 2024 | 2 replies
The only person to talk to about this is ThatADUGuy, Derek Sherrell.