All Forum Posts by: Ezra Henderson

Lol. And people say real estate investing is boring. 

Yeah there are some extra fees and stuff, but for me I still find it worth it. But if I only had a few rentals I would probably go with one of the free options. 

Do you just mean the cost associated with using Buildium? It depends on how many properties you’re managing, but I have around a dozen and for me it’s worth it. 

I recently switched to Buildium and I really like it. There are 3 different plans to choose from… so you can upgrade as you scale without having to transfer everything to a new software when the old one gets to small. 
It took a hot minute to set everything up, but once I did everything is very simple and streamlined. My favorite feature is Pay Near Me (online cash payments) for those stubborn tenants who insist on paying cash. 

It completely depends on where you are and what your county/city’s rules are. Where I’m from I could do everything you mentioned on the smaller rehab without a permit. But that could be different in your area. 
I personally always get permits for everything that requires one… I just like the feeling of knowing it was done right and I’ll never have to worry about it again. 

Unless it’s in an A+ neighborhood, I’d probably just leave them. They’re surprisingly hard to get rid of, especially if they’re in the entire neighborhood… you might be able to get them out of your yard for a while but they’ll come back. They don’t really cause any serious harm. 

As much as possible :). Really though it depends on the price of the house I'm flipping… I would be okay with a $25k net profit when flipping a $125k house, but $25k would be a really small profit if I was flipping a $750k house. I know a lot of investors that shoot for 15% of the ARV.

But if I refinance out of a HML and into a more conventional loan (not DSCR) will I have to show proof of income?

Yeah but I’m talking about refinancing out of the hard money loan and into normal financing after 6 months to 1 year… when I refinance with a bank will I have to show proof of income?

@Patrick Drury  I don’t mind using hard money temporarily, but are the refinancing rules different then just applying for a normal loan? Or would I still have to show proof of income. Thanks!