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8 January 2025 | 27 replies
Curious about the reason, I consulted my home insurance broker, who informed me that the property had a water damage claim filed a few months ago, which is causing insurers to be cautious.This information surprised me, as it had not been disclosed by the seller.
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9 January 2025 | 7 replies
If you see work crews reaching out, ask the person in charge of securing housing where they go looking.
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10 January 2025 | 4 replies
Good Morning,I am a former Claims Specialist with the Social Security Administration and currently unemployed homeowner who is looking for guidance on how to gain property management experience here in the Central Coast of California.My wife is the only one working at the moment, so times are tough to say the least.We're looking to rent out a portion of our home in order to save up enough money to purchase our second home (or multi-family unit), rent that out, and begin to expand our portfolio.
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8 January 2025 | 10 replies
You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.
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11 January 2025 | 4 replies
Motivated sellers and distressed properties are more likely to surface.Creative Financing: Higher interest rates are opening doors to strategies like seller financing or subject-to deals, where you can secure more favorable terms directly from sellers.Shift in Buyer Preferences: With work-from-home trends still influencing housing demand, suburban and secondary markets are seeing strong growth.
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6 January 2025 | 5 replies
I love finding VA Assumption Loan deals and have personally secured one so far as a rental property with a 3.3% interest rate.
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17 January 2025 | 23 replies
Simultaneously, you're managing applicants and tenants, who are often working within tight timelines to secure or renew leases.
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8 January 2025 | 2 replies
With inventory expanding, it feels like there could be opportunities to secure deals, especially if the right cash flow potential is there.
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5 January 2025 | 7 replies
You filed two full year tax cycles and the numbers are similar (no greater variant than 1%) they maybe yes.Generally depreciation is added back as income BUT only the 40% portion you own not all of it.
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6 January 2025 | 5 replies
However, many DSCR lenders have a minimum loan amount of $100K, which can make it challenging for investors to secure financing for lower-priced properties.