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15 April 2020 | 8 replies
Most banks seem to be at at a standstill with the coronavirus.For the smaller loans local banks will be your best bet but you will need to be a strong borrower with good cash reserves.
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20 April 2020 | 18 replies
Anyway, they will probably suggest I create a 'parent' LLC in Wyoming and eventually put all other LLC's into this LLC for the best protection considering Wyoming has strong protections far greater than Connecticut which will help de-incentivize any lawyers from pursuing lawsuits.
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14 April 2020 | 19 replies
Work hard to utilize strong resources and build good partnerships but going into the deal locked-in with a partner isn’t the best route especially if you are just starting out.
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15 April 2020 | 1 reply
One major thing I would strongly encourage is to keep an open line of communication and make them feel welcomed.
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16 April 2020 | 8 replies
In addition put it in writing that you either require or strongly suggest that tenants get renter's insurance for things like this.
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15 April 2020 | 4 replies
The only way you're going to get a HML is if you have a long track record of success and strong relationship already in place.I would use the BRRRR equation to set a max purchase price: [(ARV x .75) - Reno Costs = Max Offer]I'm very nervous about having MFR tenants responsible for lawn care.
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16 April 2020 | 3 replies
We have only purchased apartment complexes thus far (1,500+ units), but have strongly considered alternative investments like mobile home parks, as long as the numbers make sense.
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15 April 2020 | 4 replies
if so, that is an opportunity to strong arm your request.Overall, this needs to be a professional letter.
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18 April 2020 | 15 replies
Indiana is a strong state (financially, low taxes, landlord friendly, better growth rates, etc) and is only going up.
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15 April 2020 | 2 replies
Just be sure that you have a decent cash reserve, and you're buying in an area with strong long term economics.