I am looking to buy my first investment property in Massachusetts. Does anyone have recommendations on which banks are best to go through for investment properties? Small local banks vs. large corporate banks? Names o...
Hi all,
I know that as a wholesaler, I am looking for properties that meet or are close to the 70% rule. However, I have been getting a lot of calls from sellers that have property with tenants in them. Most of the...
Property taxes run about 2.8% in the Houston TX area. So, for a $100,000 house, that's $2800/year or $233/month. Do you just throw out the 50% rule in areas like this?And don't get me started on flood insurance....
In the last 3 months we've had several prospects send us proof that someone we don't know, contacted them about a property we manage. The scammer either:Claims they work for us and our systems are down forcing them to...
When applying for a hard money loan, make sure you understand all numbers are going to be estimates until all of the variables are completed and final numbers are calculated. The hard money lender might be able to giv...
Once the property has a lease you can apply and the paperwork can be a bit cumbersome. I found an experienced lawyer who takes care of it for $400. Let me know if anyone needs help with that. I can give you a good re...
I've been manually applying rules (1 night min stays, 10% discounts, etc) based on how close unbooked nights are coming up. Is there any software that could do this automatically? I've toyed around with the idea of ma...
2% - 50% rule Question
Hi folks, I have heard this rule this week for the first time (THANKS) and have been reading all the forum posts I can find about how it is used to screen etc. Will bevery helpful in convinci...
There are a lot of posts about different rental markets, turnkey providers, rent to value, BRRRR, and etc...
What about remote investing in a condo? It's fairly easy to get 1% rent to value in a condo, you have to ...
Hi I have a sandwich lease option deal in michigan. It's my first one and I'm not sure how it will work with homestead tax and I've looked at some of wendy patton's stuff (not all of it) to see if I could find an a...