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5 October 2024 | 10 replies
I have a house in Toledo, Ohio that I’m trying to get over the line with section 8 inspection.My contractor (who I know and trust) did significant work to ensure the house was up to code.The first scheduled inspection was cancelled by the inspector stating there were too many deficiencies, I endeavoured to reach out for details of the deficiencies but was met with silence and unable to get any info.The second inspection came back with a list of 18 items, some of which I consider petty, such as a small groundhog hole in the backyard.She is also asking for “Front attic window area and front fence needs a full house lead clearance examination by a licensed lead inspector “.
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8 October 2024 | 2 replies
We seem to be returning to the “Drive until you qualify” days, where homebuyers are forced to move further out to find affordable housing.For someone who works in Marlborough and only commutes a couple of times a week, buying a multifamily home in Worcester might seem like a smart investment.
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8 October 2024 | 0 replies
This could drive demand for rentals as people hold off on buying.Impact on Investors: If you're looking to buy properties, higher mortgage rates might impact your ROI.
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11 October 2024 | 15 replies
Thanks, great advice.My main concern is that I am not local (about a 2 hour drive to my market area).
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9 October 2024 | 7 replies
They always have meetings if you wanted to take a drive.
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8 October 2024 | 0 replies
We own 7 properties that we will start developing in 2025.We are currently remodeling my wife’s two-story home, turning that into two rentals.A developer contacted us and is using our largest plot to build a four-story condo building trading one condo for the opportunity.We drive and live in an 18 wheeler debt-free saving up capital for the next opportunity.
10 October 2024 | 0 replies
While you’ll face a fair share of rejections, patience, and persistence can lead to excellent off-market opportunities.Search for “For Sale By Owner” yard signsKeep a sharp eye out when you’re driving through your target neighborhoods.
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9 October 2024 | 8 replies
Driving to and from work you should be listening to podcastsIn your free time, I would analyze deals.
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9 October 2024 | 5 replies
Yes @Michael Smythe I was planning on but I also have a small room in NYC (where I work) so the days I don’t want to drive I would stay here and go back to PA weekends but I spoke to a lender and said I would not qualify for that since it’s a bit far from my job and they might think I’m doing mortgage fraud it’s just complicated so she recommends just doing a conventional loan with 15-20% down payment and use it as an investment property Which at that point I’m not sure if it’s worth it.
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10 October 2024 | 13 replies
Wholesalers, driving for dollars, zillow and redfin, propwire, are all great resources for finding deals.I am a loan originator on the DSCR and Hard money side.