25 August 2021 | 43 replies
I am sold plus caliber of renter is off the charts. compared to regular make 100 or 200 a door C class rentals.
21 August 2021 | 6 replies
In general, a HML can offer quicker access to funds and often a more efficient process (less cumbersome as compared to going the traditional bank route).
20 August 2021 | 10 replies
@Eric Samuels As others have said, you should definitely compare different lenders AND make sure to not just look at rates/fees.
24 August 2021 | 3 replies
If the property is vacant, lenders will base the loan off a 1007 report, which is a comparable market rent report for the subject property.
20 August 2021 | 1 reply
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
25 August 2021 | 19 replies
I make that decision not based on how much it is going to cost, because most repair costs are negligible compared to the income it generates.
21 August 2021 | 4 replies
The competition for multifamily properties isnt as high as compared to single family properties as most retail buyers don't want to be a landlord or wait for tenants to move out.
20 August 2021 | 3 replies
I’d like to learn some basics as we get into the landlord’s game but I think we’d defined be hiring this out, so shopping around and comparing estimates will probably be our next move.
20 August 2021 | 3 replies
Conventional loans do have low interest rates but since Fannie/Freddie reduced the size of their portfolio of investment loans to 7%, the rates are pretty comparable to portfolio loans.
24 August 2021 | 10 replies
And just to clarify on the above, I thought a possible loop-hole would be the double-close as the agent acting as a wholesaler would be temporarily taking title in their name/ ownership, but for a salesperson the law says "A salesperson may advertise to sell property under his or her own name if the property is his or her principal residence"Compared to for a broker, "Any individual licensed as a broker or associate broker may advertise personally-owned property for sale or for lease in his or her own name."