Farid Ayoubzadeh
What online tools do you use to find and filter deals?
10 July 2024 | 8 replies
Tools like BatchLeads and PropStream are great for direct-to-seller strategies, but keep in mind that they come with marketing costs depending on the method you choose, such as direct mail, cold calling, or texting and have to have good nurture campaigns.
Wesley W.
Anticipating a decedent's next of kin / strategies for acquiring off-market deals
9 July 2024 | 12 replies
I am sure she is sending him letters (or using other methods to contact him) as well.I'm a small long-term buy-and-hold investor myself, but this property is about 4 hours away from my own market, and would be used personally by my wife and I if we were to acquire it.I'd really like some help from you large operators who work these deals all the time, as to how best make contact with the owner and see if he were interested in selling.
Vic Reddy
Negotiating Lender Debt due to City demolition
14 July 2024 | 6 replies
They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.
Linda Roberts
Early Move-Out and Key Return Process. When the Lease Ends?
14 July 2024 | 6 replies
My current tenants have a lease until August 31, but they plan to move out and return the keys by August 15.
Tadiwa Mangadze
Commercial loans & Cap Rate for Multifamily
14 July 2024 | 6 replies
I’m trying to value the property and believe its calculated by NOI/cap rate.
Chris Williams
Building a Team
15 July 2024 | 19 replies
You can build a solid team if you start by finding an investment focused realtor who sources deals and has a large network to provide you with.
Dean Halpin
First time Rental Buyer
15 July 2024 | 11 replies
HI Dean,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.
Jonathan Wildy
Short and Medium Term Rentals Other insurance ... not homeowners not air cover
14 July 2024 | 14 replies
You need STR insurance, not a homeowners policy.Don't depend on any insurance provided by a listing platform.
Elvin William
What is best price to pay for a realtor?
13 July 2024 | 19 replies
Get paid by me and by seller.
Rook Khan
Property management software features?
14 July 2024 | 5 replies
Is it easy to learn and use by your employees.