Rashid Khalil
property management company vs Tenant discount
11 March 2024 | 6 replies
Even where its legal, you might be required to do it anyways.
William Burns
Non-Conventional Financing Fix & Flips
10 March 2024 | 15 replies
The more instuitionalized hard money or bridge sources are like fannie/freddie/agency loans where they have minimum requirements to sell their note/paper to investors in the markets.
Nicholas Keller
Seeking Mentorship in Real Estate Investing
12 March 2024 | 11 replies
Express your want to learn and help with their tasks in a clear and concise manner.Remember, building relationships takes time, and finding the right mentor may require persistence.
Eric Abel
Flipping Mobile Homes
11 March 2024 | 6 replies
Most lenders don’t consider manufactured or mobile homes real property and there are lots of requirements and stipulations a buyer has to meet to qualify for a mortgage.
Luke Tetreault
30-Unit Lending, Not enough experience to get funding?
11 March 2024 | 5 replies
Again, you will likely need a key principle to co-sign your loan (typical financial requirements are 10% of loan balance in liquid assets and 1:1 net worth to loan balance), but Fannie and Freddie are both well versed in lending to LLCs where the GP has minimal capital personally invested in the deal.
Mimi Wright
Split Level Multi Family
11 March 2024 | 6 replies
As for how to gauge fair value that's easy and never requires comp's, because revenues is what matters to you right?
Shelley Peever
Hold or Sell?
11 March 2024 | 12 replies
I am interested in knowing, if you can share your strategy highlights regarding the fact that your properties are all doing well with respect to appreciation rather than cash flow, and I completely agree that travel would be required to pursue cash flow.
Account Closed
Miami Market Trend: Low-Rise Condos
9 March 2024 | 10 replies
With strategic upgrades and modernization efforts, these properties can be transformed into sought-after residences, thereby increasing their value and rental potential.LOCATION, LOCATION, LOCATION – These Condos are often in prime locations in established neighborhoods, providing a sense of authenticity and charm that appeals to both residents and tourists.
Dylan Curtis Underwood
Considerations with older duplex
11 March 2024 | 7 replies
It is true that you may miss out on this home, if sold this week, but also consider the Joy Of Missing Out (JOMO) by not overpaying for this property and also footing the bill for many of the potential repairs required for a 120+ year old home as mentioned above by the previous commentors.I would encourage you to take a contractor with you to the open house or someone with experience in this age of home to give you some insight into the property and what may need to be addressed in the first few years of ownership.
Cristo Rey
Methods, platforms or apps to automatically debit rental payment to tenants.
11 March 2024 | 3 replies
There are payment processors which do the same thing your bank does but have some support for obtaining the authorizations required.