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If anyone has good referrals they think may be interested in rehab projects, please let me know. Rob Anyone here familiar with the permits required for flips in the city of St. I am currently located in the Tampa Bay Area and I work with a lot of investors looking to rehab houses. Does anyone from this area have any references for... Good evening, I am a new Real Estate Wholesale manager who would like the assistance of a title company at their listed expenses. I look forward to a long healthy relationship, first come first serve. Can any of you give me some names of good contractors in the area? Thought it would be good to start a meet up group once a month. We recently purchased a 16 plex broken into two 8 plex buildings, completely full with tenants.
One of the buildings has an infestation of roaches and we believe it has spread to the other building as private personal loans well. Hi all,I have had my condo listed for rent for close to a month now. I have had two people inquire (without responding when I answer questions) and no applicants. I believe I have priced it fairly based on the unit,... HI,I have been a real estate investor for many years now. I have been very disciplined with my investing strategies, making sure to budget, and invest as much as I can. I am looking to invest in some multi-family deals with some local firms (similar structure to Yieldstreet, Cardone Capital, etc.
Hello, I live in California and currently run a small restaurant that is under an LLC.
I was looking to get into buying rental property, would it be possible to use the LLC to purchase rental properties? I am thinking of transferring funds from my Simple IRA to a self-directed real estate IRA. Wondering if anyone has done this and how difficult is it? Generally speaking - who pays for painting between tenants? I am house hacking now and plan to turn the property into a long-term rental. One of my tenants got a lot of water on the floor during their last shower and the floor water began running through the ceiling of...
I am doing text messaging bad credit no guarantor loans to seller leads and just would like to know what companies you can suggest or that you like most to use and also what type of leads to you usually target? I built a house this year that is now a rental property. This sounds like a perfect situation for using cost segregation depreciation. I have a home in Mt Laurel NJ that I am renting out. My tenant asked to break their lease 4 months early due to them buying a new home.
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We have full equity in this property and are looking to refinance shortly. Does it make more sense to get a 15 or 30 year mortgage on a rental property?
I understand there are pros and cons to payday loans columbia sc each but does having your tenants pay off the mortgage in 15 years rather than 30 outweigh the... I met a a "guru" who works with "turn key" properties, has a team of brokers, lenders, property managers, inspection people, etc. Your agent should be on the phone with every agent that showed the house, and should be getting detailed feedback from each.
Or, if 30 agents really said that, you need to figure out how the competition is solving this issue. If so, perhaps your price is WAY too high, and your agent needs to take this into account. Not to second guess your agent, but you really need to second guess your agent.
One metric you can ask your agent for is the average days on market for homes in that neighborhood that comp well with yours.
In real estate, we always say that there are three main things that impact the sale of a property - location, condition and price. Have you all heard of the market slowing down mid-summer? It was moving fast right before I listed but lots of houses are sitting and doing price reductions in my market here in Atlanta.
Ditto getting more info from each and every showing. This house is close to Northlake Mall (sort of) if you know that area :) and Account Closed thank you for the advice. I just looked at Dekalb County and school starts back on August 7th. With it already being mid-July and taking 30 days to close on a loan, your home might sit a little longer. They had to find a home to lease and were moved in the week before school start. If you want to have revenue coming in to at least cover your holding costs for the flip and earn some profit, I would recommend at least marketing it as a rental. My contractor says even materials delivery into the city are backed up.
I private personal loans know my surveyor is 30 days behind due to the rains. Small things but maybe consider power washing the drive and patio? My guess as others have said is the price is a bit high.
The private personal loans only thing that entered my mind in changes is painting the brick.
If a buyer is looking at your listing they are looking at comparable properties nearby. Your comment makes me want to go check it out asap so I will most likely do that today. For you flippers, how long do you typically leave properties on the market before changing your strategy to BRRR or at least a short term rental? Your comment makes me want to go check it out asap so I will most likely do that today. For you flippers, how long do you typically leave properties on the market before changing your internet loans for bad credit strategy to BRRR or at least a short term rental? Hold tight - I personally would not do any price reductions until 2nd week of August. I really have no idea why you are lowering the price? What is the average number of days are market in your area? You do not want every agent on the MLS to think you are doing a reverse auction. If you seem desperate you should expect them to expect a bigger discount.
Traffic will sell it and possibly bring in multiple offers.
Only thing I might do is paint the brick to add curb appeal, and if the neighbors are slobs sick code enforcement on them. If dogs are barking and aggressive when in the back yard maybe a stockade fence.
Good luck Mike Do a highest bidder sale and THAT will determine what buyers are actually willing to pay for the property. That method has NEVER worked for me and provided acceptable and consistent results. If you want (or HAVE TO HAVE) retail price for this property, set it up as an AirBnB and you WILL get retail buyers at your price. Do you mean marketing it as a short-term rental for investors?
Some have asked why would I rent it out if I went in to flip? I think it may be smarter long term to change my strategy to BRRRR and aim to sell again in 3-5 years. I have another rental so am experienced as a landlord. I recently took a long trip up the California coast on my bike(great trip btw... I know a lot of people who had their flip on the market for longer. Just keep doing what you are doing and keep asking potential buyers for their opinions and talk to your agent also.
I have a recent flip that has been a been on the market for just over two months. When I listed it I had an offer in the first week which I accepted. Two weeks later it fell out of contract due to financing issues on their end. I am happy with my agent and she is doing a good job advertising it, etc.
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Has she reached back out to everyone who expressed interest when your payday loans no teletrack direct lenders house first went on the market or after you accepted the offer?
She should call all agents and tell them the house is back on the market, to let their clients know. People private personal loans will be thinking there must be something wrong with the house.
And repeat until you are getting a good number of looks. Supply and demand goes up and down so a house that may have been priced right then may no longer priced right, now, and so timing is a pretty important component of your pricing. If you can wait it out, demand typically does go back up in the fall, otherwise your pricing will have to match current demand. If the market has buyers, price, presentation, and agent ability.
You need to drop the price, price dictates everything!
Have your agent cancel the listing and relist it as new with the reduced price. Have the agent take different pics to make it feel like a different property.
Maybe they can take a video showcasing the flow of the house. Then when it relists do an open house within a few days to drum up foot traffic. Something you might do is try to get fresh new professional pictures to show a house in a different light.
A lot private personal loans of people are using videographers to shoot videos to give people more of a 360 look of the house. Realtors do not like when I say this, but it seems to work well for me when something does not sell. Have the realtor put in the notes part of the listing that there is a 1 percent bonus to the selling realtor if a contract is entered into within 3 weeks and closes within 60 days, or whatever terms you want. Byers will tell the realtors what houses they want to see, but realtors will recommend seeing others that meet their criteria. After talking with a couple other people I think I may try it. I actually borrowed the idea from another thread on BP lol thanks! I am trying to build up capital for a bigger project in the future. You can either wait and hope to find a buyer willing to pay what you want or you can drop the price.
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