Nicole Lockwood
STR rental investing
7 March 2024 | 15 replies
Those loan products have higher interest rates.
Brian Kempler
Collateral based lenders (against promissory notes)
7 March 2024 | 3 replies
BTW expect the rates of these from banks etc to be somewhere between 9-12% at a min - which in most cases does not provide enough juice from the squeeze.
Chris Terborg
Hello Everyone New to BiggerPockets!!!!
8 March 2024 | 10 replies
(generally takes 60-90 days to close an assumption)I purchased my most recent primary residence with a an assumable VA loan and am saving about $1,100 per month on my mortgage payment compared to a loan written at today's rates and I am also enjoying about 2.5x the principal paydown per month as well!!
Regina Bailey
Chicago Residential Lease Agreement 2023
9 March 2024 | 77 replies
While the standard Chiacago Association of Realtor's City of Chicago 2023 lease is updated and compliant with new 2023 security deposit rates and local ordinance, we always recommend implimenting an additional "overlay" or addendum that helps protect the landlord against many things that the standard lease cannot standardize that many landlords would like to, like no smoking.
Scott Johnson
Would you buy a property receiving under market rents?
8 March 2024 | 4 replies
Then you can either leave them be until they expire, or let them know that you will be undergoing renovations, let them know the new rent and possibly have one tenant living in a existing unit, while you renovate the other side, to which they will move in to the new unit once complete at the new rent rate.
Jay Martin
First Time Fix & Flip Partnership/Personal Loan Questions
7 March 2024 | 1 reply
I have several questions to answer before writing a proposal and would greatly appreciate any advice whether broad or specific:-What are the advantages of a partnership with a pre-determined percentage of profits shared VS a personal loan with a fixed interest rate?
Justin Brickman
Texas Housing Report
7 March 2024 | 0 replies
Despite the ongoing decrease in mortgage rates, the real estate market is facing a persistent challenge as housing sales struggle to bounce back.
Mark Callicott
Best list generator for land deals
7 March 2024 | 7 replies
I've seen people get really competitive rates that way.
Logan Hartle
Mini-Flex Space Development
7 March 2024 | 9 replies
Doing the due diligence on rental rates wont be an issue for me but I’m not a developer.
Chris Markham
New investor and new to the community
8 March 2024 | 10 replies
Evaluate historical and current vacancy rates, aiming for decreasing trends.Demographics: For younger populations, focus on proximity to parks and schools.