15 January 2020 | 13 replies
It'll be easier to line up a hard money lender, if you go that route, if you've already run the numbers appropriately to find a home with potentially high value in the right area.When building your team, especially with contractors, make sure you're hiring licensed and insured folks - we work with many Indianapolis residents and out-of-state investors who had us assist after previous investments were compromised due to the lack of financial security with their boots-on-the-ground team.
15 January 2020 | 9 replies
In order to secure more favorable long term financing I deeded the property to my personal name before beginning the refinancing process.Also When purchasing vacant properties always budget for the unexpected.
15 January 2020 | 5 replies
As a lender, we want security.
15 January 2020 | 2 replies
In hindsight, I should have done more to secure better financing and kept all 4 as rentals.
23 January 2020 | 11 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
16 January 2020 | 3 replies
Is there some technique or finance trick that would allow someone to purchase multiple homes at once if they just the 20% down?
18 January 2020 | 17 replies
Most don't truly understand the legalities of things and many new lenders don't know how to secure their funds properly.Both can be good sources of capital.
16 January 2020 | 2 replies
I have read in Brandon Turner's Rental Property Investing book of his technique of giving multiple offers on the same home for the seller to choose from.
21 February 2020 | 4 replies
Hard money can do almost anything, provided the collateral is sufficient security.
24 January 2020 | 5 replies
.), security (cameras, noise detection, security policies, etc), cleaning and upkeep would be provided by me and my company for the duration of the lease.