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4 January 2019 | 4 replies
I need a rental buddy advisor guru etc. been studying for weeks to no avail!
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7 January 2019 | 10 replies
I have enough cash available to do up to about 5 BRRRR B-class deals at a time, based on the terms I've found with a local HML.My question is this: If I can own a C-class home with no equity invested, and I'll have reserves for the portfolio, do I really care about the property class being C or C- instead of a B+?
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4 January 2019 | 1 reply
Single-family ARV comps are readily available, however, not so much on the MF side.
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4 January 2019 | 1 reply
I also require a higher rent rate (25% - 50% more), the equivalent of three months rent in advance (first/last/deposit), and a mandatory cleaning fee so that I can hire professionals to clean after they depart and still have the deposit available for additional cleaning/repairs.It's a risk but you can make it work if you mitigate the risk to your favor.
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21 February 2019 | 13 replies
I have also tried to get in contact with HR department with local businesses and let them know you have available rental so they can offer/mention to new hires/interns.
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3 January 2019 | 1 reply
I enrolled in college unsure about my future, under the influence that the corporate route was the only path available.
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9 January 2019 | 22 replies
If you are willing and have the time you should PM me so we can chat about what deals you are finding and/or what you have available in your area.
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4 January 2019 | 5 replies
Hope this helps.Partner 150% OwnershipSelect ProjectAgree to Price of Offer and Other Conditions Submit Offer to BrokerAgree to Rehab Plan and Schedule Prepare Funding Opportunity Document Solicit Investors for FundingCoordinate Funding for the ProjectCoordinate Documents with Attorney for Funding Coordinate with Attorney Closing Dates and Fees Coordinate with Real Estate Broker on DetailsSecure Property Insurance and have Utilities Activated Secure Bank Account to Pay BillsPayments over $500 Require Approval of Both Owners Prepare On-Line Advertising for Property Available for Rent Upon Selection of Tenant Run Criminal and Credit Check Agree to Rent Amount and Security DepositProvide Updates to our Private Investors as to Progress of Project and Coordinate with the Bank on the RefinanceRequest Appraisal as soon as PracticalProvide Personal/Business Credit to Secure Refinance Close on Refinance Within Scheduled TimeExit StrategyPartner 2 50% OwnershipSelect ProjectsAgree to Price of Offer and Other Conditions Develop Plan for RehabDevelop Construction Schedule Develop Budget for Rehab Coordinate with Outside Contractors Initiate and Complete RehabLabor will be at cost as part of Participation to Operating Agreement Agree to Terms on Funding Conditions i.e., Interest Rate etcCoordinate Permits if Applicable with Government EntitySchedule Inspections and Remedy ComplianceSecure Certificate of Occupancy or Final Inspection Approval Both Members will Agree to Pay BillsPayments over $500 Require Approval of Both Owners Coordinate Showing Property to Prospective Tenants Select Prospective Tenants and Recommend to Member Agree to Rent Amount and Security DepositClean Up Property for TenantProvide Property Management and Maintenance Provide Personal/Business Credit to Secure Financing Exit Strategy
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21 January 2019 | 19 replies
@Marty Summers - figure out your freedom number and where on the financial ladder you are and want to be (see here, and here and here).Use the stack strategy - after SFR, get a duplex, then a 4-plex, then a 6-8 complex.Look for a good portfolio or asset based line of credit (not loan), most likely from a commercial lender, which will allow you to have money available for when you'll find a good deal to purchase with cash and quick closing in advantageous conditions.
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6 January 2019 | 12 replies
@Tyler Erickson No need to look at the market twice a day - get setup with a realtor who specializes in real estate investments and they can set you up for a search which will notify you of any properties come available in your target areas.If you are looking for deals on the MLS you will have to be prepared to act fast - get your pre-approval letter ready and research so you know a deal when you see it.