4 November 2021 | 7 replies
We don’t know any PMCs to recommend in the Arlington 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.
18 September 2021 | 7 replies
Personally if I was comfortable investing OOS and the returns were both comparable I would look to MI for my next property since you have 2 in NC and only 1 in MI.
18 September 2021 | 7 replies
It is at least 5% less than comparable properties, sellers interest rate is 4.5% but I can work with that for a six months.
15 September 2021 | 2 replies
Those factors are significant, as they refine the comparable properties selected for the rent estimates.
16 September 2021 | 6 replies
, so those buyers aren't going to come check it out either, they think the home is trash (b/c they are comparing it to the $950k homes, on the assumption that if it's listed for $875k, you must "actually" think it's a $950k home, which in turn makes you appear to be a "delusional seller, so let's not waste our time on that listing" when all you actually did was list it at actual value [HERETIC!]).
20 September 2021 | 14 replies
I'd still call around to local banks to get other options and to see how they compare.
17 September 2021 | 3 replies
How much cashflow are you getting from multi-families compared to SFH?
14 November 2021 | 18 replies
It's a lot of work for very little money compared with selling a property.
15 September 2021 | 1 reply
That being said, since Fannie Mae increased the rate on conventional investment properties, DSCR loan terms are often pretty comparable to conventional loans.
18 September 2021 | 4 replies
Appreciation, tax benefits and cashflow (the other profit sectors) yield more benefits across multiple properties when compared to a single home on a 15 year term.