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26 December 2024 | 27 replies
High-quality photos and detailed property descriptions are key.
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25 December 2024 | 3 replies
Hey everyone,I’m curious to know what strategies have been most effective for you when it comes to finding consistent, high-quality deals.
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26 December 2024 | 4 replies
I believe this is fairly standard across the board.
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28 December 2024 | 11 replies
Also, consider this copy & paste advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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31 December 2024 | 18 replies
With $4+ million in equity, you could conservatively leverage your replacement property(ies) and generate strong passive cash flow from high quality NNN assets.
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25 December 2024 | 2 replies
Many of them have restrictions that you must owner-occupy the property for a minimum number of years - or you'll have to pay it back with interest.Also, the standard mortgage requires you to owner-occupy a property for a minimum of 12 months before renting it out.
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9 January 2025 | 107 replies
That's not exactly an up and coming area -- I'd research who built them - can likely find that by going to the SG County Recorded Docs site or by seeing who pulled the permits during const -- Wichita has been on a duplex building boom -- look at the tax value -- They probably have that or less in it on the build - I also doubt they were built to be quality long term -- things such as the trim/cabinets etc -- they all look like the cheapest stuff a guy could buy - if the cabinets aren't oak and there is MDF or pine trim and pre-hung doors with engineered wood jams I'd run. 2-3 yrs ago for $180k -205 or so you could buy duplexes in Maize, Kechi, Valley center all day to builders that were selling them off to investors - not worth that in that area.
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26 December 2024 | 13 replies
As others have stated, your fit & finish goals should be guided by whether you plan to:1) Rent: tenants don't always take care of a property, so you want to use lower-grade materials and workmanship.2) Flip: higher quality on workmanship and materials is usually required.Regardless, you always want to "Maintain to the Neighborhood".
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27 December 2024 | 13 replies
You want not only qualified tenants (credit score, income, background checks, etc.) but quality tenants.
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26 December 2024 | 14 replies
Most standard MLS contracts now include a box check for 1031 exchanges.