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Results (10,000+)
Kunal Lakhwani Experience with MN Property Nerds or Twin Cities Leasing
5 September 2024 | 16 replies
When he does respond, it is usually to apologize for the missed disbursement or to promise action, but he rarely follows through, forcing me to consistently follow up.In the past year, I have received my owner disbursement payment on time only once.
Brian J Allen Fannie Mae 5% Down Multifamily Loan: A Double-Edged Sword
9 September 2024 | 22 replies
Excellent location in Mesa.I shopped around and I found a mortgage broker who was able to get me a 6.99% rate who took the loan to UWM (united wholesale mortgage).I negotiated a $15k seller concession I used for a 1-0 buy down so my rate for 1 year will be 5.99% and then revert to 6.99% for 30yrs. and then we used the rest of the concessions for closing costs. in 6 months or 12 months I will revisit to see if mortgage interest rates dropped significantly to justify a refinance to lock in a lower interest rate.part of the approval process for the Fannie Mae 5% mortgage is to make sure that i could afford this property and that i have good credit, my income is consistent and stable and it reflects that on my tax returns, I have sufficient capital reserves for the subject property and my other 10 Multifamily properties (6 months of PITI for the subject and then it's percentage based off of the loan amounts and how many properties you have)I agree, the more that government "helps" they therefore are increasing pricing.
David V. Polyurea Garage Floor - expense or improvement
5 September 2024 | 7 replies
Just make sure you have a consistent policy for expensing items under this threshold, as the IRS looks for that consistency.In your case, if the Polyurea flooring is just making the garage look nicer and not really improving the structure or extending its life, you could argue it’s a repair.
Stuart Udis What is an “investor friendly” lender?
5 September 2024 | 11 replies
The qualifying attributes are consistently: quick close, no tax return, limited documentation….
Jeremy Beland The house that taught me a $40,000 lesson in 2019...
4 September 2024 | 8 replies
I no longer work from a place of scarcity.I set myself up for success and work from a place of abundance.I have built my cash buyer list to close to 5,000 buyers, invested into a coaching program for private lending, and developed multiple exit strategies to be ready for any situation that presents itself.It let's me earn $40k per deal consistently today and occasionally hit some $90k+ homeruns.Embrace your mistakes, learn from them, and adapt.This is the only way to grow.
Mohamed F. What are your cash flow percentages? (residential)
4 September 2024 | 2 replies
Are you factoring in soft expenses such as vacancy and cap ex which do not happen on a consistent basis but for which you may be budgeting.
Jeremy Beland The house that taught me a $40,000 lesson in 2019...
4 September 2024 | 2 replies
I no longer work from a place of scarcity.I set myself up for success and work from a place of abundance.I have built my cash buyer list to close to 5,000 buyers, invested into a coaching program for private lending, and developed multiple exit strategies to be ready for any situation that presents itself.It let's me earn $40k per deal consistently today and occasionally hit some $90k+ homeruns.Embrace your mistakes, learn from them, and adapt.This is the only way to grow. 
Benjamin Wythe Investor/Builder arrangement - advice/best practices?
5 September 2024 | 2 replies
In places like Indianapolis, for example, we’re seeing significant interest in build-to-rent (BTR) projects that offer consistent cash flow and long-term appreciation.
John Williams STR Regret Stories...
5 September 2024 | 35 replies
My most recent STR in Sacramento that I built did take a bit longer to build and was slightly over budget, however the returns have been great and revenue consistent.
Tyler Kesling Starting my Journey
6 September 2024 | 13 replies
A great way to start learning your market is by analyzing deals every day and connecting with other investors in the area to learn from them.Market research consists of understanding the driving factors of your markets economy.