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19 March 2024 | 6 replies
I committed to going to a few real estate events a few years back and made a point to have casual conversations with 1-2 people per event and from there, I could feel the metaphorical snowball begin to roll down the hill.
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18 March 2024 | 13 replies
Hopefully with your pictures and videos, you'll be able to fight it and not pay the fees they're trying to charge.
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18 March 2024 | 2 replies
Purchase price: $53,000 Cash invested: $12,000 Single Family 2bed 1 bath home, light rehab, rented for $1200 per month.
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18 March 2024 | 4 replies
With such a low ARV, you will probably be looking to sell at 75% ARV - repairs, so subtract your fee/% from that number.
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18 March 2024 | 4 replies
Why would they pay $1,500/yr per acre?
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18 March 2024 | 16 replies
I suppose the one advantage of being a non-licensed wholesaler is that you don't pay MLS fees.
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18 March 2024 | 19 replies
What can I do to help them or how can I advertise it my self any advise I can get to get someone in the other unit would be great Hey Kiefer,In Houston, per the monthly HAR report, the average DOM for a SFR is just over 30 days.Your management company should hit that figure, if not beat it.
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18 March 2024 | 4 replies
Hey @Ryan Brown - I personally would avoid any additional fees/charges on the rent as that can be disputed or simply not paid by the tenant.
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17 March 2024 | 29 replies
More doors, more return, more loans, more creativity, more more more..... what about 4-8 paid off rental properties in desirable areas w/ a super low headache factor throwing off $8-10K net per month?
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17 March 2024 | 24 replies
@Ray HarrellSellers will owner finance because (1) they will be able to sell for a higher price because they will sell to people who can’t get institutional financing, (2) they think the interest rate they receive on the money they financed, usually 6-10%, is better that the 2% bank accounts are paying (3) they get to spread out the gain on the sale of property over many years and not be bumped into a higher tax bracket immediately, or (4) they can sell the property faster as a buyer doesn’t have to wait 45 days to fulfill institutional lending requirementsBuyers may want owner financing because (1) they save the points and other fees associated with institutional financing (2) they may own the maximum number of properties financed allowable by lending institutions (3) they as full time real property investor may not be able to prove the amount of income necessary to obtain a loan (4) they may not qualify for conventional financing, only hard money, in which case owner financing may be at a much lower interest rate (5) they may have liens, judgements, etc. outstanding that make obtaining outside financing impossible, (6) they may want to close quicker than available with institutional financing.Please let me know if this makes sense