Matt Waggoner
Is posting minimum qualifications on Company website a good idea?
8 February 2024 | 4 replies
Worst off, there was a link with an example on how another company posted the minimum qualifications for pre-screening on their website, but the link was dead.
Jonathan Rivera
Investing remotely out of state
7 February 2024 | 21 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Ben Trageser
Financing into Traditional Mortgage after Seller Financing Balloon is Due
7 February 2024 | 7 replies
Put aside interest or any other terms.For example, I agree to a land contract with a sale price of $1,000,000. $0 down, $5,000 payment per month and a balloon due for the rest at the 10 year mark.At the time the balloon would be due, I would have paid $600,000 off and owe a balloon payment of $400,000.At this ten year mark, let's say the property is now worth $1,300,000.
Danielle Hake
Has anyone found a good Stessa alternative?
8 February 2024 | 10 replies
These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.
Randall E Collins
Bank foreclosed properties.
8 February 2024 | 3 replies
For example we are a lender and foreclose all the time.
Stuart Udis
Why Aren't More Investors Using Construction to Permanent Financing?
8 February 2024 | 3 replies
You are correct, it's certainly easier to do so with a rehab vs. ground up and that's where my example above focused.
Julio Gonzalez
Cost Segregation on Warehouse Building
8 February 2024 | 2 replies
The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.Here’s an example of the reclassifications of this warehouse building thanks to a cost segregation study:As a reminder, bonus depreciation started to phase out in 2023.
Christine Garnier
Tax Lien Foreclosure Action - Multiple Lienholders - Alabama OTC Tax Lien
8 February 2024 | 13 replies
Alabama has to be one of the most challenging places to buy tax liens.Take SC for example.
Noah Laker
I host over 100 AirBnB Listings in CA and AZ **Ask Me Anything**
8 February 2024 | 111 replies
For example, we have some starters themed units.
Alex Clark
Do you stay away from listings where the house is fully remodelled
8 February 2024 | 10 replies
Typically when the listing is fully renovated, the seller has to get their money back out to pay the underlying loans whether that is a hard money lender or they need to pull out cash to move on to the next deal.