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14 March 2024 | 0 replies
And despite the higher rates this past year which deter many buyers, we *still* find ourselves in multiple offer situations, indicating we are still hot while many markets have long cooled.To illustrate, my team recently sold a home for $50k above the asking price after a successful open house with over 50 attendees, just a few days on market.
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14 March 2024 | 0 replies
-Consider offering incentives or concessions if offers are not being submitted.Tax Planning:-Understand tax implications and consult with a tax professional.Pre-Sale Inspections:-Conduct inspections to address potential issues beforehand.Remember that every real estate market is unique, and the effectiveness of these strategies may vary.
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14 March 2024 | 9 replies
To piggy back off Connor - offering an incentive to tenants who find another renter when you have vacancies and trying to limit pets can help a lot as well!
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14 March 2024 | 18 replies
This is hugely problematic for the “speed” aspect of BRRRR investing—drastically slowing down the returns and velocity of capital for BRRRR investors using conventional loans.Portfolio lenders are another option, and they typically offer competitive rates and fees as well.
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14 March 2024 | 12 replies
Not every lender is certified to offer this type of service.
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14 March 2024 | 19 replies
I keep seeing Lima One Capital pop up in regards to offering decent DSCR, but I have not personally used them.
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15 March 2024 | 17 replies
Offer your services to mom and pop or PM companies Looking to get a taste of REI but not quite yet?
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14 March 2024 | 3 replies
since then, I have made offers in a different market (~6 offers) that would be only ok purchases (apparently not following my own advice, but it is a new market so I do not have the opportunities that I have in my market) but none have been accepted.
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14 March 2024 | 6 replies
If it clearly states no smoking in or around the premises, then you can fine them (depending on your state restrictions, maybe even per diem), this may incentivize them to quit or place their notice to vacate or you can offer them a non-renewal when the time comes.
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14 March 2024 | 1 reply
As long as they aren’t elderly or any other protected class you can offer whatever you want.