Luis De la Puente
How Do You Keep Your Fix-and-Flip Projects on Track in a Competitive Market?
21 August 2024 | 4 replies
Securing a strong deal upfront is crucial, and adding a buffer for unexpected costs is a smart move.
Clayton Silva
Hot Topic: Rates don't matter nearly as much as you think they do
26 August 2024 | 24 replies
Very true, and a lot of lenders, especially like fix and flip lenders have sort of a "loyalty program" where more deals equal better rates and better leverage.
Edwin Lopez
Managing gross income from business
21 August 2024 | 3 replies
When starting a business or owning multiple properties, it’s crucial to manage your cash flow effectively to ensure long-term stability and growth.
Vitali Ganon
Real Estate Investor in Jacksonville, Florida, Looking to Build a Professional Team!
21 August 2024 | 5 replies
As an out-of-country investor, it’s crucial for me to work with trustworthy people, and Mark has been exactly that.
Michael Opper
SFHs to Multifamily (apartments)
23 August 2024 | 9 replies
It may require you to maintain a specific liquidity ratio over the life of the loan, or maintain cash reserves equal to a specific number of payments, or upon inspection prior to the loan being Funded, Require you to come out of pocket with cash, for instance, to replace the roof because it has more than two layers on it, replace or grind concrete that has heaved, or embark on a program of replacing balconies that have rotted within a certain amount of time, et cetera...
Carlos Lopes
Buying STR in Destin/Fort Walton Beach
26 August 2024 | 25 replies
So, be sure you are comparing apples to apples in projections, since they are not all created equally!
Dylan Lineberger
How do people use FHA loans to buy multiple properties??
22 August 2024 | 2 replies
Increase in family size:A Borrower may be eligible for another house with an FHA-insured Mortgage if the Borrower provides satisfactory evidence that: • the Borrower has had an increase in legal dependents and the Property now fails to meet family needs; and • the Loan-to-Value (LTV) ratio on the current Principal Residence is equal to or less than 75% or is paid down to that amount, based on the outstanding Mortgage balance and a current residential appraisal.
Andrew Syrios
Investors: Make Sure to Capitalize On “Resolutions of Unacceptable Conditions”
21 August 2024 | 2 replies
The answers are invariably yes for new investors, and usually for seasoned investors too—the reason being that you need to know what you are getting into.There is a second equally important reason, though, especially when buying from homeowners or investors: You can usually get a credit or additional work done based on the results of the inspection report.
Joseph Agins
Prepayment penalties on DSCR loans for paying extra?
20 August 2024 | 12 replies
I need to confirm with the lender but assume any such "partial" payments would have to be substantial and equal to at least 10-20% or more of the total loan?
Dalton Smith
Ask a General Contractor (me) anything!
25 August 2024 | 61 replies
Dalton, If you as GC become an investor in a new city and you started rehabbing, and you got 2-3 rehabs with a short term loan so time is crucial.