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28 May 2024 | 26 replies
Private institutional lenders actually offer 30-year fixed loans underwritten to the income of the property.
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28 May 2024 | 5 replies
Hi - typically Mixed Use properties are going to require a traditional commercial real estate loan from a bank, small balance commercial private lender or for the larger ones a CMBS style loan.However, a newer "DSCR Loan" product for Mixed Use is making a comeback - which is a really great option for smaller properties/more beginner investors since it has all the same trappings as a residential DSCR Loan (30-year fixed, easy qualification, straightforward process) for a property with commercial units.Generally going to be limited to 8 units max and has to be primarily residential in every way (majority residential by units, square footage and rents) but if it fits all that, its a great option
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27 May 2024 | 9 replies
I have a couple different offers here and wondering if I could get some advice.
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29 May 2024 | 0 replies
When I foulnd out the owner had dimentia I reached out to his out of state son and offerred him a stay at my Airbnb, next door.
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29 May 2024 | 4 replies
I typically spend more hours each week on visiting properties because I like to drive by each property physically to make sure nothing is amiss.
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29 May 2024 | 4 replies
you don't need off market land. most land is listed is fine. it's a buyer's market for land in most markets which means more than a 6 month supply. practice underwriting the deals and making offers, find deals they may do owner financing, etc on.
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29 May 2024 | 5 replies
You also need to consider that once someone signs a lease, they typically won't move in for 2-4 weeks.
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29 May 2024 | 15 replies
It offers online rent collection, expense tracking, tenant screening, and more.Zillow Rental Manager: Another free option where you can collect rent, screen tenants, and even list your property.Background Checks and Lease Agreements:Avail.co: This platform not only allows you to collect rent but also provides comprehensive tenant screening, including credit, criminal, and eviction checks.
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29 May 2024 | 9 replies
As far as occupancy limits enforcement does happen but it’s not super common and every case I’ve heard of for enforcement is due to neighbors complaints typically noise or too many cars.
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29 May 2024 | 0 replies
A Comprehensive Guide to Homebuying, it's essential to be thorough and methodical to ensure you're making an informed decision but draw boundaries, it's okay to open built-in closets and kitchen cabinets to assess the property, However, respect the seller's privacy by not invading their personal space, such as medicine cabinets, storage boxes, or clothing drawers,Interior:Architectural style.Bedroom and bathroom count, size, and location.Closet and storage space.Number of floors.Sightlines and general floorplan.Appliance age and condition.Light switches and socket count.Plumbing and water pressure.Natural light and views.Noise levels.Stairway width and type.Porches and decks.Garage and parking capacity.Proximity to neighboring homes.Remodeling opportunities.Exterior:Roof and siding condition.Landscaping and outdoor maintenance needs.Additional Considerations:Take notes and photos during the tour.Use your five senses to assess the home's condition.Ask your real estate agent questions about the home's features, flaws, and market conditions.Red Flags:Overly scented rooms.Water stains and damage.Lack of maintenance.Foundation issues.Sagging ceiling.Fresh paint that may be covering up issues.Final Tips:Be prepared to make multiple offers before finding the right home at the right price.Stick to your budget when making an offer.Don't overlook potential red flags just because you love a home.