Erika Shiu
House Hacking with a STR
26 November 2024 | 7 replies
And are potential guests interested in staying at a STR in a basement that can have occasional squeaky floors from time to time?
Adrian Henning
Is there still interest in Rooming Houses as a STR?
27 November 2024 | 3 replies
Occasionally, I will get an objection from an off-market homeowner that "might" sell saying...
Tyler Gilpin
Can I section 8 trailers?
26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
Ximei Yue
Suggestions for my 1st Investment: Should I start with a BRRRR or focus on cash flow?
1 December 2024 | 31 replies
Learn how to consistently hit singles and doubles, and don't be ashamed to take the occasional walk. 5 years is a very short time frame to go from no RE to financially free (although you may already have property, which is an awesome start).
Lorraine Hadden
Is AN 800+ FICO CREDIT SCORE EVEN POSSIBLE?
9 December 2024 | 38 replies
When you are consistently above 820, you may occasionally hit 850.
Matthew Holden
SDIRA -- Friendly Banks Offering Interest
26 November 2024 | 6 replies
This is an IRA, just like any other self-directed IRA; however, it allows you to connect your IRA to the following: 1) You can use a checkbook IRA LLC type structure, for example, if you are purchasing individual rental homes, or an occasional fix-and-flip.
Jerry Shen
Buying RE with Bitcoin
9 December 2024 | 166 replies
So I'm very confused asking if there are any institutions that will take bitcoin as down payment (Which seems extravagantly easy because a bank or lender could/would simply convert to USD) vs you stating that they take them as collateral, which seems like the more difficult task.
Renee Pohle
Advice on Getting Started!
25 November 2024 | 10 replies
Ideally, I’d have an Airbnb down there (for occasional personal use) but have received some feedback that an out-of-state Airbnb would be too difficult to manage.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
So you're making your standard monthly mortgage payment, while simultaneously making occasional lump sum prepayments via the HELOC.
Michael Nguyen
New to real estate. Should I create an LLC? How difficult is lending options?
21 November 2024 | 16 replies
For residential mortgage, an LLC needs two years of its own tax returns or occasionally, a local credit union where you have an account will ok it.The bigger question is about your partnership.