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29 May 2024 | 12 replies
If you want to talk to potential sellers every day your best bet is prospecting.
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28 May 2024 | 2 replies
Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.
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30 May 2024 | 17 replies
chances she is going to lose the benefit are essentially zero....Although for the case given by the OP I would concur that the tenant can say she was forced, in my own experiences in talking with Section 8 tenant prospects it is the tenant always offering a side deal because I explain that I get paid more rent in the open market than what Section 8 will pay.
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29 May 2024 | 4 replies
The new mortgage on the new $340k duplex home which is an FHA loan is going to be a monthly payment of $2800 and we will refi ASAP (the current rate is 6.7%) when rates go down.We have done some nice improvements on the SFR and will be refinishing the wood floors before a renter moves in (July 1) so feeling like it's a great opportunity for the right long term renter and we plan to screen prospective tenants well.We are taking a $20k HELOC on the SFR for the downpayment and plan to pay that off within 12-18 months.
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28 May 2024 | 5 replies
We usually ask the prospect two related questions- how do you prefer to be communicated with (email, text, phone call), and what is your definition of timely?
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29 May 2024 | 9 replies
@Vlad Krokhmal I would go work for another PM firm to see how they operate, SOPs, professionalism, and be able to show experience to prospective clients when you go live in 2 years.
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29 May 2024 | 22 replies
The real estate markets are cyclical (SFR) was a great buy opportunity as it had ample runway for growth still at the time, both from valuation and rental prospect.
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29 May 2024 | 30 replies
Unlike, an independent GC, who undertakes a broader array of projects, Curbio’s project experience will be more uniform and consistent over time (e.g. focusing on a core set of projects, with similarly attractive traits: impactful; reduced complexity; reliable sourcing; etc.).The “as-is” investor approach that you describe should work, as you would have all of the criteria necessary to be deemed a “qualified-prospect” for Curbio, e.g.: sufficient equity to cover a min $15K budget and ample up-side potential to deliver a sufficient positive ROI.
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29 May 2024 | 64 replies
We spend a lot of time on the reference calls, probing the landlords with a lot of questions designed to get them to open up about the prospective tenants (and their friends and relatives).