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Results (10,000+)
Erich Morgan Weiss What companies are you using for Residential Seller Leads?
29 May 2024 | 12 replies
If you want to talk to potential sellers every day your best bet is prospecting.
Mitchell Rosenberg Pros and Cons of Buying a Fixer-Upper in Today's Market?
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.
Jose Garcia Section 8 landlord may face felony charges
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.
Yonat Piva First SFR almost ready in Milwaukee and hoping for more REI in future
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.
Greg Schreffler Tax Professionals for Multiple State Properties
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?
Vlad Krokhmal Looking to do property management... what brokerage firm to join?
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.
Nick Crider First time Buy/Holder
28 May 2024 | 0 replies
Pessimism about future prospects.
Gary Freidman Smartland in Ohio
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.
Ross Smith Anyone used Curbio to flip?!
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.
Carol Venolia How do you cope emotionally with nasty tenants?
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).