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25 June 2024 | 6 replies
My insurance agent said it’s a lot cheaper to spring for a full year policy then get a refund after you finish then to buy the short month policies.
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26 June 2024 | 19 replies
If you're going to use national average data, I would recommend using all of the other national data to provide as a benchmark.
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25 June 2024 | 0 replies
Partnering with Tracy McQuire provided valuable local insights, making this an attractive and strategic investment for Partner Driven.
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25 June 2024 | 0 replies
Partnering with Mike & Laurie provided valuable local insights, making this an attractive and strategic investment for Partner Driven.
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25 June 2024 | 2 replies
Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.
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26 June 2024 | 12 replies
Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.
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23 June 2024 | 4 replies
The computer algorithms provided by Zillow, Rentometer, and others are good for reviewing a general market, but you shouldn't rely on them to evaluate a specific house.
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25 June 2024 | 0 replies
Partnering with Seth Choate provided valuable local insights, making this an attractive and strategic investment for Partner Driven.
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25 June 2024 | 8 replies
The one thing to note is that these lenders typically have a minimum loan amount of $100K (Purchase Price + Rehab), and they will not require you to provide paystubs or tax returns.
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25 June 2024 | 3 replies
5) Consider meeting with a few agents in your area even if you are just getting started!