All Forum Posts by: Mason Weiss

Hey Renee, Cash usually is one of the best terms that will help beat out other equivalent offers especially on a competitive property. The quick close is also helpful for most sellers. I equate it usually to an extra $5-10K of value depending on the seller. My clients who can do both are prepared to offer cash on a competitive property and then finance if the numbers work and they are not in a rush with the seller.

I think the number is around 9% right now based off all the free info you can obtain online. Most rentals take 30ish days for smaller investors to lease up so long as they don't overlist the price.

Hey Frank, welcome to BP! Are you looking for cash flow up front or appreciation?  Maybe even a little bit of both? Depending on that goal will help you dictate which markets to key in on.

Hey David, I work frequently in the multifamily space and just had a client close on a 5 unit property just the other day. Feel free to shoot me a message if you'd like to connect further. 

I would avoid it. I know of an investor here in AZ where the city is now making them do proper permitting due to the previous owners room addition. It is a pain with both time and money. Unless you are getting a great deal I would look for a different rental.

They might service it, nothing required from the property owner though. They just save money.

Hey Trevor! I would encourage you to go to local meetups which you can find on AZREIA or the meetup app. This will only increase your network to find potential mentors/gaining insight into this new endeavor. 

Yes you can still get all those covered right now in a refinance and bring your rate to the high 6's with $0 out of pocket. Just watched one of my client's do it today.

Yep the lender covers the fees and you still can drop your rate which means nothing out of pocket for the investor and you save every month. Sounds well worth it to me.