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15 April 2024 | 4 replies
You may want to consider promo rates on an equity line as well and if they offer you the option to convert any part of the equity line into a fixed loan.
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13 April 2024 | 2 replies
I have been BRRRR-ing properties in Milwaukee for over a decade and my team has always said I should make a video about how we do BRRRR's, but the topic does not really fit my YouTube channel (which is more for a resi...
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15 April 2024 | 9 replies
Technological advancements are reshaping the real estate industry for investors in various ways:Data Analytics: Advanced tools offer insights into market trends and investment opportunities, aiding informed decision-making and risk assessment.Virtual Reality (VR) and Augmented Reality (AR): Remote property exploration with virtual tours saves time and resources, attracting potential buyers or tenants and expediting transactions.Blockchain: Secure transactions via smart contracts reduce intermediaries, costs, and fraud risks in property dealings.Online Platforms and Marketplaces: Digital platforms broaden access to properties, investment options, and real-time market data, enhancing efficiency and transparency.Artificial Intelligence (AI): AI algorithms predict market trends, identify investment opportunities, and personalize recommendations based on investor preferences.Internet of Things (IoT): IoT devices provide real-time data on property performance, enabling cost reduction, efficiency improvements, and better tenant satisfaction.Crowdfunding Platforms: Real estate crowdfunding democratizes investment access, allowing smaller investors to participate in projects previously out of reach.In summary, embracing these innovations enhances efficiency, transparency, and accessibility in real estate investment, enabling investors to capitalize on emerging opportunities and stay competitive in the market.Thanks!
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16 April 2024 | 12 replies
Avoid the cash offer stuff, and saying quick closing in letters, use emotion, people really do respond well to it.
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16 April 2024 | 9 replies
Most of the houses I have looked at are new construction since a good amount of the sellers are offering a buy down towards rate or closing costs which is very appealing for the first property.
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16 April 2024 | 10 replies
If they didn't even offer to pay it back, then I wouldn't renew their lease when the time comes.
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15 April 2024 | 26 replies
The HOA walked away (on a $6K lien) with a property worth $880,000!!!
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16 April 2024 | 12 replies
I can't count the number of landlords that thought cheap rent would result in happy, well-behaved tenants only to find themselves losing tens of thousands in the end.If the market rate is $1,800, then I would offer each tenant a one-year lease at $1,700.
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15 April 2024 | 5 replies
You will want to see what your competition is offering for amenities.
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15 April 2024 | 33 replies
We purchased an 81 unit in EAST Clev, about 7 years ago, well we are being offered tripled what we paid, on top of the more then 25% net per year.