11 October 2024 | 1 reply
Call the previous landlord directly, and cross-check details like the property’s address and lease dates to ensure authenticity.Ask open-ended questionsEncourage detailed responses by asking open-ended questions.
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14 October 2024 | 14 replies
Turnkey rentals are a fantastic option - new builds or completely rehabbed homes, tenant ready, some tenanted, systems with 10 years of life remaining on them and property management teams in place -especially in the Midwest and Southeast of the country!
7 October 2024 | 4 replies
As of late we've had to work harder than ever dotting every I and crossing every T to ensure we were hitting maximum exposure.
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17 October 2024 | 23 replies
I wouldn't call that a true "DSCR Loan" - especially considering that a ground-up construction property won't have any cash flow so DSCR would be negative or 0 numerator if you'd try to calculate it ground up multifamily is not 0 cashflow there are hundreds of thousands of apartments built every year, leased up, and sold for a profit as well. we build not only at a discount for investors but 1% on infill lots I'd be really careful with all your absolutes. you can get land for 10k in columbus on lots you can build 2-4 units on in one of the cheapest construction markets in the country.
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12 October 2024 | 25 replies
Be sure to take property taxes into account too - there's a huge difference across the country.
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14 October 2024 | 31 replies
Hello @Shelby McKeanThere are REI opportunities in different markets - markets in the Midwest and Southeast of the country are great - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.
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11 October 2024 | 7 replies
You've got to know that rents are down across the board all over the country -- be it LTR, MTR or STR.
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11 October 2024 | 8 replies
I would focus more in the Southeast and Midwest of the country and on turnkey rental properties so that there is more peace of mind when holding the homes.
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11 October 2024 | 13 replies
The majority of investors that I work with are out of state or out of the country.
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11 October 2024 | 12 replies
Hope that helps, and fingers crossed your property weathers the storm without a hitch!