There are many factors that a credit decision is based on. These include your assets, income, property type, and credit score, to name a few. To get a closer look at your specific scenario, book a quick strategy call so we can get you on track!

Yes and no. Yes, if you are qualified for a construction loan, 203K loan, use private funding, a HELOC, or other funding sources. There are hidden costs associated with some of these loans, so it’s best to consult with a qualified real estate professional before asking your banker to sign you up for a mortgage.

n’s important to price your property right the first time. Overpricing your property can lead to extended days on the market and cost you even more money in holding costs. 

The best real estate investment strategy is: GET IN THE GAME NOW!  If your dream is to own 1 property or 100, you can have it all. Just get started and take advice from people who are in the game. Don’t sit on the sidelines and dwell over interest rates; work on a rate adjustment later. You can house hack, or invest remotely with the right team in place, or even partner and sublease. Investment opportunities vary widely, so ask as many clarifying questions as possible before making a decision. 

Typically, you need 3% to 25% of the purchase price. This varies depending on the kind of financing you are using, concessions, or if you structure a deal that leaves equity in a property. It also depends on existing assets, often those could be used as collateral or refinanced to get a deal done. If you need help structuring a deal, get on my calendar.

Start by gathering the numbers: Rent roll, NOI, P&L at minimum. Then gather leases and keys, any other existing contracts, review your property management agreement for fees they might charge, decide if you want a taxable event upon the sale or if you want to 1031, tour your property and do any deferred maintenance,  assess if you can make capital and cosmetic updates to increase the price, increase your rents to market, maybe do a preliminary title search for clouds, or, book a free consultation with me to get advice on your exit strategy.

You can get started today if you already have a property. Or, you can partner with a current property owner, or you can buy a property of your own. In any scenario, you want to ensure you have policies and procedures before moving clients in. 

Ideally, the bigger the better. You want to be mindful of bedroom-to-bathroom count. 3 to 1 is standard. Pay attention to zoning and if there is an HOA. Parking might be a problem, depending on your client base.