16 May 2024 | 5 replies
I am going to be a first time landlord in Fresno, CA. I'm looking to rent out 2 of my bedrooms in my SFH. I was wondering what is the best way to screen future tenants if I don't want to pay for a monthly subscripti...
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15 May 2024 | 5 replies
Has anyone self-managed their properties from an international location that would be willing to share their learnings with me?
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17 May 2024 | 8 replies
@Brett AdlerA lot of lenders also go through larger firmsFor example if it’s a deal I don’t like internally I can run it through kiavi as well or other lenders to fund
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14 May 2024 | 5 replies
Has anyone self-managed their properties from an international location that would be willing to share their learnings with me?
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16 May 2024 | 8 replies
There's an international airport.
16 May 2024 | 4 replies
Having a 24 month term on the front end will also make my job easier doing the take-out loan when it's time to refinance into permanent debt, because there's room in there for a full year of tax returns to have been done in the middle (if your exit plan is to sell, it'll also make it easier on your buyer who will presumably be willing to pay a higher price if they can get an A-paper good mortgage).Ask for a 24 month term, tell your contractor you want it done in a year (and make it financially worth their while if they can pull it off), internally/mentally plan on 18 months, and I'm putting you on notice now to do your tax returns on time, rather than extending them (don't fight me on this, please just do it).Trying to get a renovation mortgage like this for only 1 point is likely a waste of your time, but if you want to ask, after you've secured the above as a 'done deal,' go for it, can't hurt.
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17 May 2024 | 25 replies
I have a clean criminal background, and the 3 evictions have all been dismissed.Sadly I heard a realtor(here) make the claim that people who get evicted had to be due to neglect to pay their rent.
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15 May 2024 | 3 replies
I own real estate outside of CA, both in the country and internationally but have chosen to rent in Hermosa Beach due to the high cost to buy a home in coastal southern California.The apartment complex I live in was bought April 1st by an private equity company who gave all the residents a 60 day notice to vacate so they could due a total rehab.
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13 May 2024 | 4 replies
I'll be moving for work on an international relocation in 1 year, and plan to keep my primary residence and rent it out (Assignment will be for 2-3 years).
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15 May 2024 | 7 replies
So I was happy he provided me with an opportunity to buy the property without him going to a list of an internal list of preferred buyers which would have counted against me as a first time investor.I signed the purchase agreement then ordered an inspection report so I could perform extra due diligence as an investor.