Devin Brown
Where have you found your best deal in AZ?
18 March 2024 | 3 replies
Hey Devin, lots of available great options.
Andrew Nida
Cash or Finance
18 March 2024 | 6 replies
Sounds like a good problem to have and you have several options but here are 2 good options:1.
Dieter Best
bought partly occupied duplex, tenants month-to-month, change terms of lease
18 March 2024 | 4 replies
Submetering is also an option.
Henry Lazerow
Why the NAR lawsuit will not lower commissions and may actually increase them
18 March 2024 | 5 replies
One of my main flipper clients *sold 8 million for him roughly $200,000 of commissions is actually a licensed agent, selling a property is about much more then cutting costs and its actually rare to see people go for the cheaper options out there.
Anna Howe
Help! Should I rent or sell my house
18 March 2024 | 10 replies
@Anna HoweConsidering your upcoming move and the challenges of long-distance property management, selling your home in Winnemucca might be a better option.
Lisa Martin
DSCR loan rate
17 March 2024 | 18 replies
DSCR Rates are going to vary by quite a bit based on multiple factors (more than conventional), primarily FICO, LTV and DSCR - but also buydowns, prepayment penalties, and some alternative structures.That being said, I would say the average rate right now is around 7.5%, but can vary all the way down to 6% or higher than 9% for some special cases (like Multifamily 5+ or Mixed Use)Heres a couple articles on what goes into DSCR Rates (in addition to market) that hopefully helps!
Sammy Hachani
2nd Property strategy, little equity... what should I do
18 March 2024 | 1 reply
Hi Sammy,Glad to see you taking steps in your real estate investing career, it helps to get reps in and learn.As for what you should do, your title states that you have "little equity", does that mean there is little equity in the Florida property or you have little available for another equity investment.I'd caution a refi with little equity, as stability in the early stages of your investment career is crucial to long-term success, try not to over extend yourself and potentially end up behind.Having access to investors and partners is the name of the game for scaling and limited funds, if you have access to investor capital, working with a wholesaler to acquire a flip may be a good option just be mindful of the risks of as-is properties and having investor capital at risk.
Whitney Lares
St. Louis BRRRR?
19 March 2024 | 24 replies
From my research it seems prices have gone up a lot in recent years so I am wondering if this strategy is still a feasible option for someone looking to start with a SFH for 150k or below, adding value with a rehab and getting a high enough appraisal to make it work.
J Newman
Change in Management due to Death - Newbie and Longtime Landlord
18 March 2024 | 1 reply
A vacant and re-habbed unit allows the option of a tenant to move into it, thus freeing up the next unit.