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25 February 2025 | 1 reply
I’m ready to buy mi first duplex/triplex for a house hack and wanted to go the FHA loan route strictly for the low down payment of 3.5% I’ve been self employed for exactly 1 year now, but the issue I’m running into is that every lender I have talked to (over 9 lenders now) have told me I need to have at least 2 years of self employment in order to get an FHA loan or any loan that requires under 10% down (even if I made good money my first year of self employment) I have 780+ credit score, no debt, no loans, no monthly payments on anything.
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25 February 2025 | 1 reply
I've invested in two of the properties going into the fund and two others.
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13 February 2025 | 7 replies
(But not for a “I’m going to live in it 50 weeks out of the year and rent it out two weeks”, IMHO, if that was your idea.
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25 February 2025 | 2 replies
I'm excited to get going!
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25 February 2025 | 2 replies
@Naresh Yegireddi you also need to look into the locations of the building and general ability to re-tenant when then eventually leave or go dark.
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14 February 2025 | 15 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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7 February 2025 | 7 replies
Quote from @Paul Zofsak: Not sure where this should go so I'm putting it here.
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14 February 2025 | 7 replies
Timelines, budgets, quality of finishes, they all need to go well for your exit and if your in bed with a GC that only cares about himself then all those things will not go right for you, but he'll still get his money.People really underestimate the following:1) The cash they need to close and carry the project2) How hard it is to have a GC stick to what they promise3) How long it may take to exit through a sale
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6 February 2025 | 16 replies
Obviously if you go this route you need to be very attentive and make sure to zero out the credit cards as the promotion ends.
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6 February 2025 | 12 replies
Finding someone with the capital experience and then wants to partner is going to be tricky in my mind..