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9 January 2025 | 4 replies
Quote from @Gloria N Gear: Quote from @Owen Rosen: Quote from @Gloria N Gear: Goosehead Insurance -- I saved about $1300 across 5 properties and increased my coverage.
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13 January 2025 | 5 replies
I can get 5 times as many deals without increasing my budget.
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9 January 2025 | 1 reply
For C to B-Larger developments announced nearby-Increased activity in new construction-Building of commercial retail in or near the neighborhood.
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10 January 2025 | 5 replies
Quote from @Marc Shin: @Keagan Scott on any advice you have to help me increase my bookings would be appreciated!
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27 December 2024 | 7 replies
That will show what proposed tax increase you will see.
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22 January 2025 | 9 replies
Towson things will be nicer but the purchase price will increase.
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13 January 2025 | 3 replies
That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.
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15 January 2025 | 6 replies
Once the property is sold however we will be ok and our incomings are due to increase the following year.
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17 January 2025 | 9 replies
Exemptions to getting a 2nd FHA loan per HUD handbook are:-Job relocation 100 miles away or in another state-Increase in family size-Vacating a jointly owned home (ie - divorce or the like)
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4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?