Urvesh Patel
Looking for good neighborhood for medium term rentals in CLeveland
29 January 2025 | 13 replies
Any recommendations on areas to avoid or be careful given high crime rates around Downtown and East Cleveland?
Abraham Garza
1acre with 4 manufactured homes for rent is it a good deal? Newbie
21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
Elizabeth Leb
What would you do with 20k?
9 January 2025 | 28 replies
Because with an HOA in tow that means your not doing it alone, you have active "partners" who will be taking care of a slew of things so think of it like training wheels.
Max Pergament
New Property Manager in Charleston – Excited to Connect!
30 January 2025 | 6 replies
If you can care a hell of a lot more about your investors returns than the competition you will be fine.
Jordan Kaylor
Use HELOC to buy, then refinance into mortgage?
8 January 2025 | 16 replies
For a conventional loan, you can borrow UP to what you paid for the property plus closing costs OR 75% of the appraised value which ever is less.
Jeffrey Robison
Licensed PA and TX Lender
18 January 2025 | 5 replies
On the consumer side with QM I can handle conventional, FHA, VA, and USDA.
Craig Holland
Empty lot lenders
27 January 2025 | 5 replies
I believe United FCU is best. 20% down, usually a 10yr term (they offer a longer term though), and an interest rate that's pretty close to the current average for conventional loans.
Marisela Arechiga
To ADU or to Purchase Another?
14 January 2025 | 8 replies
9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.
Timothy Frazier
Hard Money Loan
17 January 2025 | 15 replies
Also for conventional financing, the DP can't be borrowed.
Fumi Maher
Seeking advice for aouse hacking strategy in Austin
29 January 2025 | 9 replies
I have loss GOOD TENANTS because they shared a porch with people they did not care for.