10 January 2025 | 2 replies
The owners at the time were directed to our Real Estate agent and she showed us the property as it was a good investment opportunity.How did you finance this deal?
12 January 2025 | 7 replies
@Placeholder Placeholder, I've financed quite a few STR's in the St Pete market.
12 January 2025 | 7 replies
I have heard though that most lenders don't mind this as long as it is not changing the ultimate owners on the property - such as a partnership where one person sells to the other.
11 January 2025 | 9 replies
Ask to speak with some of their current owners and current/former tenants.
11 January 2025 | 7 replies
@Venka Pulla Many smaller PMCs are unprofessional, they can also be vindictive.So, suggest you get all the info you can from your Owner Portal before terminating them.Also, hire a new PMC BEFORE terminating the current PMC.Then, terminate and work closely with the new PMC to get tenant payments switched over and whatever documentation is missing.Hopefully, you'll screen for a new PMC better than you did to pick the current one!
11 January 2025 | 14 replies
@Rafael Valdor some advice when screening PMCs-----------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
10 January 2025 | 5 replies
If you qualify, you could close on the loan in days.Home 2 could be an option for a fix-and-flip as well, but you would have to have another residence because these types of loans do not allow owner occupancy.
8 January 2025 | 2 replies
Does anyone have much success buying SFH with seller financing?
11 January 2025 | 0 replies
But would still like to hear about financing. 2.
11 January 2025 | 5 replies
My strategy would be to target properties which are most likely of the owner NOT redeeming.