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22 March 2024 | 7 replies
And have an expert look through them.
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21 March 2024 | 18 replies
I've started studying Airdna/Rabbu data, MLS listings, enemy method'd a number of properties to get a feel for the numbers.Now I want to hear from experts/investor/realtors/etc who know about these markets for STR.
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23 March 2024 | 20 replies
@Bill Brandt My goal today was feel better about returning to real estate and confident to activate a plan.
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23 March 2024 | 10 replies
Builder ends up screwing us over and we are out $250k which we are in the process of trying to get back.In the meantime, I'm trying to get a private or hard money loan to finish the buildsCurrent mortgage 273,000Rehab 1 - 150,000Rehab 2 - 150,000Current value for both places approx $350,000ARV $1,000,000 for bothPlan is to refinance and hold as STRI feel that these numbers are reasonable - am I missing something?
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24 March 2024 | 19 replies
Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed.
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23 March 2024 | 6 replies
I feel like I am maybe overcomplicating this, but I guess I am looking for some advice on how to make this happen any advice or ideas are wellcome. thank you!
22 March 2024 | 6 replies
Any advice or recommendations on experts on this?
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23 March 2024 | 1 reply
If you have any MA questions, always feel free to reach out.
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22 March 2024 | 11 replies
But strongly feel as though the appraisal value will be significantly higher than what was estimated.
22 March 2024 | 28 replies
This is just my opinion, and others can disagree, but when I am buying or selling the most expensive purchase I have made in my life, my preferences is to use an expert Now, as mentioned, not all agents are equal, but if you do find a very good one, they are well worth the commission