Jason Hutcheson
Hard Money Lender Options
22 June 2024 | 12 replies
Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Mohamad Guene
Lockbox not requiring WIFI for remote access.
19 June 2024 | 2 replies
Hi,I wanted to ask if there is a lock box (to put keys inside) that I can buy that doesn't require WIFI at the lock box location.
Neil Holtzhausen
Purchasing rental property with tenants
21 June 2024 | 4 replies
Thank you.It's not only appropriate, it's highly recommended!
Summer Chen
address inquiry puzzle
23 June 2024 | 13 replies
I would recommend vetting the inquirer first, but yes, we always provide the address under these circumstances.
Chloe Hohman
Off-market financing advice
24 June 2024 | 8 replies
We typically won't consider a deal lower than 9%.In other words, for the amount of cash flow this deal generates, they are asking about TWICE what it's worth.At the $240K asking price, I don't see a deal that would make sense.I recommend you find out how they came up with this price and also why they're selling.You've got time: I doubt this property is going anywhere anytime soon!
Amod Karve
Converting LTR to MTR in northern NJ
23 June 2024 | 7 replies
We do exactly what @Bonnie Low is recommending and it works for us.
Andrew Brown
Finding BRRRR houses
23 June 2024 | 6 replies
For those recommending agents, in our experience, +95% of agent only know how to deal with owner-occupied transactions.
Gwyeth Smith
Classifying Spouse as Real Estate Professional
22 June 2024 | 20 replies
The use of the plural in Reg § 1.469-9(c)(4) indicates that both spouses on a joint return are considered qualifying taxpayers if one spouse separately satisfies both requirements of RE pro.
Jeff Bousquet
Springfield MA Market
21 June 2024 | 13 replies
Additionally, the management of a bigger property does not linearly grow -- what I mean is that a 12-unit building doesn't require four times the management of a 4-unit building.
Derek Morrison
Do I have to show my property to everyone?
23 June 2024 | 7 replies
When I self-managed properties, I would pre-vet people (ask them questions and review the requirements), so only (very) qualified people applied.