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5 June 2024 | 8 replies
Not all lenders offer HELOCs on investment property but you can find the ones that do by calling around.
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4 June 2024 | 8 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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5 June 2024 | 8 replies
For the purchase of the new property, you can consider a seller carry offer (balance of purchase price minus the down payment) or obtain a new mortgage on the commercial/resort.
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5 June 2024 | 21 replies
I like that they say they offer “all in one”, skip trace, text blasts and pulling lists
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3 June 2024 | 19 replies
Typically if you call them back, it'll be too late.So I never tell anyone its rented or stop showings until I receive that hold deposit.The hold deposit is not some additional fee - its a portion of their security deposit paid in advance.
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6 June 2024 | 39 replies
Someone will eventually come along and offer a better product for a better price.
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5 June 2024 | 1 reply
I'm under contract on a homepath property and need to add llc due to being a domestic violence, they are telling me I cannot because it's not considered a real person,I have to cancel the contract and resubmit an offer as an investor, risking losing my dream home.
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3 June 2024 | 6 replies
Home Depot's offerings seem tempting since I can view the price online, which has been an issue with hot tub specific stores in the Smokies.Context: I'm looking to add a 4-5 person hot tub to my STR near Pigeon Forge.
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5 June 2024 | 28 replies
Know you skills and what you can offer them.
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4 June 2024 | 1 reply
Dan - I'm not buying in DFW, but I am underwriting with 0% rent growth the next two years and then growing out my rents and expenses at the same rate in outward years - typically at 2% each.