All Forum Posts by: Eli King

Are there any house plan websites that are specifically geared toward investors for spec homes? If not, are there any go-to websites for house plans that you recommend? The search for house plan websites seems somewhat gimmicky.

0 Votes

Quote from @Elias Halvorson:

Hi Eli,

A few different ways:

1) You can ask your realtor to put you on a drip campaign for any assumable loans in the areas you desire.

2) If you are looking at something off-market you can ask your realtor to work with their title company of choice to pull lists of all government loans, in whatever areas you are looking for. This typically costs money, maybe $.02 -.10 per record. It will be a higher cost if you are looking for names, emails, etc.

Obviously, unless you are a veteran very few of us are going to let a non-veteran assume their VA loan. I say this to emphasize focusing on FHA and USDA mortgages in your search.

Hope this helps!

Thanks, Elias. For this instance, I already have a property in mind, I just need to know how to go about seeing if their loan is assumable or not.

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Nashville, Tennessee

Quote from @Lydia S.:

@Eli King

The seller would need to contact the servicer of their loan and confirm it’s assumable.

You would then need to qualify with that servicer plus have the funds to cover the difference between what remains on the loan and the purchase price for the home.

Thank you, Lydia. Do you know if most mortgages are assumable or if this is a rare occurrence? Is there any downside to the seller?

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Nashville, Tennessee

I'm seeking strategies for assuming someone else's mortgage as a primary residence. What is the best way to explore if this is an option with the seller's lender? Are there any strategies for making this more desirable for the current lender?

1 Vote

Nashville, Tennessee

Hey Nick - Are you hosting any other meetups?

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Hello All!

I'm seeking recommendations for the best providers of background and credit checks for prospective tenants. Ease of use & cost efficiency are my top priority.

Any & all recommendations surrounding this topic are welcomed. Thanks!

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Hello BP Friends!

I own a 3 bed 1 bath SFH in Nashville, TN and I am considering adding a second full bath. I am looking for feedback on what kind of ROI I should expect in terms of home value and rental potential. Additional details to support discussion listed below:

Current Home Value: $230,000

Current Market Rent: $1,500

Expected Cost of additional bath: $9,000-$11,000

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Hello All! I am looking for contacts in the Nashville area that can assist me with a renovation project of a kitchen & bathroom. The renovation/rehab will include the following work: painting, tile work (flooring, shower, back splash), plumbing to relocate sink & toilet, wall removal, drywall finishing, electrical, etc.

This is my first rehab in the Nashville area so any recommendations are greatly appreciated.

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Nashville, Tennessee

Originally posted by @Darius Kellar:

Cozy allows tenants to make partial payments. Thats the only thing I can complain about otherwise its not bad.

I appreciate the feedback. I believe Tenant Cloud also allows partial payments but you have the capability to turn that feature off.

1 Vote

Tenant Cloud vs. Cozy. Which one is better?

Both seem to serve similar (if not identical) purposes and I am trying to determine which one to utilize for my RE properties. I have seen some posts about both of these sites, but I'm looking for recommendations on which one is the preferred option. What are the pros & cons of each? Thanks!

1 Vote

All Forum Posts by: Eli King

Eli King has started 8 posts and replied 14 times.

Post: Investor Friendly House Plans?

Post: Strategies for Assuming Someone's Mortgage

Post: Strategies for Assuming Someone's Mortgage

Post: Strategies for Assuming Someone's Mortgage

Post: Cookeville TN Real Estate Meetup

Post: Background & Credit Checks

Post: Expected ROI from Adding 2nd Bathroom

Post: GC or Renovation Contacts Needed - Nashville, TN

Post: Tenant Cloud vs. Cozy

Post: Tenant Cloud vs. Cozy