Bianca Rodrigues
Are single family investment properties worth it?
30 December 2022 | 26 replies
By taking this approach, you'll have greater success in finding investments that provide high returns with minimal risk.
Greg Betza
Fully paid off OLD property, need advice
13 December 2022 | 12 replies
It's not falling apart as it has been minimally maintained over the years, but it needs work to make it a viable rental and to maximize its value.
Vu Trinh
First out of State Rental Unit in Garland, Texas?
14 December 2022 | 11 replies
Simply enter some information to view projected key return on investment (ROI) metrics, including cash flow, cash-on-cash return, net operating income, and cap rate.Minimize risk by investing in a pre-inspected, turnkey rental property with a tenant in place to earn cash flow beginning the day the deal closesBegin the loan application process early, because sometimes lenders require more paperwork than when you’re financing in your home stateHire a good local property manager who has experience working with out of state investorsWhile buying out of state rental property does come with some risk, investing the right way helps to minimize those risk while maximizing the overall returns of your property portfolio:Key reasons for investing out of state include increasing cash flow and portfolio diversification.Affordability, matching markets with investment strategy, and property affordability are three advantages to buying real estate out of state.Turnkey rental property and a local property manager help to reduce the risk of investing outside of your home state.All the best!
Jason Carrillo
Headache-resistant cash flow markets: how do you mitigate?
31 December 2022 | 15 replies
Really Feel like I/we have nailed down that best balance of Price/Roi/location here in Metro Detroit My rental portfolio is here and performs extremely well with minimal headaches.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)Basically 1.2-1.4% dealsWe have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.
Bonnie Johnson
Asking a Tenant to leave before lease expires.
11 December 2022 | 3 replies
We provided plenty of notice and we are doing what we can to minimize the disturbance.
Ramiro Rodriguez
How do I dummy proof my cashout rehab?
5 December 2022 | 6 replies
If you closed less than 60 days ago there's a "delayed purchase" option you could explore in which financing is sought after the cash purchase of the property, you can pull your equity out and have a rehab hold back issued to complete the work and refinance after 6 months into perm financing 30 yr fixed.
Edwin De leon
What's Your Top Tip - Veteran Newbie 2-3 Family Investor
2 December 2022 | 9 replies
Wish to invest in my 1st multifamily, and goals are:1) to use my va loan as a veteran to purchase my 1st multifamily rental property2) Plan to buy 1st property for rental income and equity appreciation, then purchase 2nd property a year later 3) To figure out if I should start with properties in not so good areas of Pennsylvania like allentown , Connecticut like bridgeport, hartford, waterbury and if I do what should i be looking into before I buy anything 4) Minimize and avoid top mistakes newbie multifamily investors make 5) make list of questions I should be asking before purchasing anything
Kyle Baker
Bounty Hunter turned real estate investor and licensed broker
27 December 2022 | 8 replies
This allowed me to get properties with minimal downpayment ($0 down on my first two as I used a VA loan) as well as better financing terms.
Garrett Nuzzo
Saving for down payment
20 December 2022 | 13 replies
The current RE market allows opportunity for closing costs to be covered by sellers and if you qualify you can get a DPA (down payment assistance) loan and purchase the home with minimal out of pocket.
Yolanda Kellum
Financing options for 2nd multi family purchase
23 December 2022 | 4 replies
Basically, my credit score is good, I want turnkey or minimal repairs, I can have 20% down.