Vincent Caputo
Connecticut Real Estate License
28 December 2024 | 4 replies
The course is long and test is difficult so make sure you are committed.
Yaroslav Shtogun
Lot split with house on the line
16 January 2025 | 13 replies
However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
This allows you to access funds while keeping your existing mortgages intact.Second Mortgage: Explore lenders who offer second-position loans on investment properties, though rates will be higher.Cash-Out HELOC : While traditional banks often restrict HELOCs on non-owner-occupied properties, some portfolio or private lenders may offer HELOCs for investors.With $15-20K in liquid funds, look for deals where you can negotiate terms:Seller Financing: Negotiate lower down payments or interest-only periods.Subject-To Financing: Assume the seller’s existing mortgage while covering the down payment.Lease-to-Own: Lock in the purchase price while using rental income to build equity.
Andy S.
Landlord as Additional Insured vs Additional Interest On Renter Insurance in New Jers
3 January 2025 | 3 replies
This can be costly for your property manager, and you may have to pay for their insurance policy, which can add unnecessary expenses to your budget.It strengthens your relationship with your property manager.Adding your property manager as an additional insured is a gesture of good faith that shows you are committed to protecting their interests.
Jose Martinez
32 Rentals – What’s Next?
15 January 2025 | 4 replies
Would a cash-out refinance to free up equity and keep growing be a smart move, or should I focus on paying down my existing debts?
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
17 January 2025 | 24 replies
Get a copy.2) Bring your trust documents to any bank and open a trust account in the name of the plan with you and your spouse as the trustees.3) Transfer your existing 401(k) funds into the checking account associated with your 401(k) trust.
Deirdre Lizio
Should you pick a property manager based on price or service?
17 January 2025 | 23 replies
Regardless of the asset class, the common thread is clarity, consistency, and respect.At Robin Hood Properties, we’ve learned that balancing profit with a deep commitment to customer satisfaction creates sustainable success for everyone involved.
Llamier Guzman
Newbie Here (Duplex/Sfh)
10 January 2025 | 23 replies
@Jeremy Melloul thank you on your behalf, getting second opinions really helps and gives me an idea if I should readjust or commit as I am committed to my plan here!
Matt McNabb
Building Future Cashflow Portfolio
15 January 2025 | 14 replies
2) How many hours/week do you really want to commit to for real estate?
Steve Mitrano
Flagstar Bank & LLC Transfer
12 January 2025 | 8 replies
If the bank will call their note if you commit to the transfer you can also check out this article as one strategy that has been used to work around the issue.This is not legal advice, just my opinion as a real estate investor.