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14 August 2024 | 11 replies
If you want to use this as collateral for future deals, you will need to finance out of the SBA loan later, or put more money down on a conventional loan 5 year term/20 year amort up front.B.
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15 August 2024 | 5 replies
In my experience the basics for a functional RE based CRM are:Custom Fields for Data Objects (Leads, Prospects, Applications, Buildings, Units, etc...)A Screening Engine (background/credit checks, employment verification, etc)Online Rental Application (this should automatically run the application through screening)Ability to mass email/sms leads and tenants to provide informationSurveys/Inspection formsI've been building real estate CRM tools for years.
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14 August 2024 | 1 reply
They have a realtor that is currently telling them they can sell for $280K, but no one else that has seen the property thinks it could sell for this much given the condition of the house.My husband and I have about 10 years before we'll be able to move home.
15 August 2024 | 7 replies
Seller and I have agreed to ~90k, 5k down, 0% for 20 years.
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15 August 2024 | 29 replies
Some will use bank statements to show a year of income.
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14 August 2024 | 134 replies
A loan maturity in the next 3-5 years—good outcome unlikely.3.
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15 August 2024 | 3 replies
Should it be done more than once a year?
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14 August 2024 | 4 replies
You find out what the existing purchase was and multiply by 25% (has to be over $144K)Example: Home bought 2 years ago for $325KEntitlement used/ Entitlement Gurantee = $325K * 25% = $812502.
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15 August 2024 | 0 replies
This can be a huge time and cost saver, especially if you’re managing the property remotely or using property management.Energy Efficiency: New buildings are generally more energy-efficient, which can be a selling point for tenants and lower operating costs for you.Builder Warranties: Many new builds come with warranties, providing some peace of mind for unexpected issues within the first few years.3.
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15 August 2024 | 3 replies
I've got a pretty healthy Vacation Rental property in Palm Springs that I've been managing for 4 years, so I don't have many questions at this time, but I sent a request to join your FB group.