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22 September 2024 | 13 replies
You can exit your hard money loan to conventional with lower rates + assuming you have the sufficient income to qualify.
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23 September 2024 | 10 replies
Again, a little more than linoleum, but last a lot longer, and depending on color choice, most scratches are hidden.But back to my original point, your tenants will be the primary driver of your success in real estate.
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23 September 2024 | 10 replies
Single-family homes and small multifamily properties are popular choices here.It's also a good idea to connect with local real estate groups or online communities for advice and to find good property managers.
22 September 2024 | 8 replies
Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success
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23 September 2024 | 8 replies
I am looking and trying to learn how to invest in my first property.Thank you I am looking to invest in multifamily primarily, I live in Ontario that was a real easy choice, to start where I live but I definitely want to branch out, shoot me dm and let’s connect!
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21 September 2024 | 10 replies
But again its about recommending to them to pack a sufficient food and drink supply if a storm is possible.We also to try have ice melt and snow shovels on hand, extra blankets and stuff like that.To mitigate some of this think about a full time back up generator to keep the power.
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24 September 2024 | 6 replies
.• One of the positive factors about selling me your house is that you can stay in it for as long as you need toand I can get you your money on the date of your choice.• I will pay cash when I buy your house so you can have the peace of mind of knowing it’s sold not only sold,but sold to someone who can afford to buy it.”• Believe me, there is nothing more frustrating than seeing a deal break down in escrow.
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23 September 2024 | 20 replies
Best choice we ever made.
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21 September 2024 | 7 replies
I have a considerable gain from my CA flip, if it sells/ My choices are 1) Just pay the cap gains tax and get to freely do what I want with the liquid funds. 2) 1031 Out of state and file the FTB 3840 forever.I'm just getting started and made sacrifices to get this deal going.
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19 September 2024 | 4 replies
I have seen multiple properties with low asking prices and sufficient rental income to cover the note.