Mike Sfera
New to REI; looking to learn and connect
13 December 2024 | 9 replies
It’s always smart to do your homework and make sure the provider’s model aligns with what you’re looking for.As for fees, management companies typically charge 8-10% of the monthly rent.
Seth Roland
Advice on Getting a Lender/Financing
9 December 2024 | 24 replies
Hard Money typically funds 90% of the purchase price and 100% of the rehab on a draw schedule.
Dan H.
Underwriting STR - Looks promising but deeper evaluation shows poor return
15 December 2024 | 13 replies
I'm just more familiar with people quoting gross rents and typically assume the cleaning fees are being paid by guests.
Carlos Richardson
Question regarding debt consolidation
12 December 2024 | 7 replies
Consolidating CC typically is a net positive, when we come across that there are a few ways to leverage equity in your home to do that so you can save monthly and get the balance down faster.
Shaheen Ahmed
Property taxes on rentals
18 December 2024 | 15 replies
Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.
Jewell Arceneaux
Attention Investors: Scale up starting with FHA
14 December 2024 | 6 replies
., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.
Matthew Mclean
Do I accept a Housing Voucher?
11 December 2024 | 29 replies
They typically pay more also, just screen well.
Mike Sfera
First investment strategy
12 December 2024 | 6 replies
@Mike Sferacorrect. one small tweak, if you're buying fixer, you wouldn't typically buy with a 'mortgage.' you'd use cash or a hard money loan.
Nadia Jones
Do Term Sheets or Commitment Letters Show Financial Credibility to Brokers/Agents?
13 December 2024 | 4 replies
Here’s how brokers typically view these:Loan Term Sheet vs.
Kevin Duong
Considerations for house hacking with pets
11 December 2024 | 6 replies
- Commonly Allowed Pets: Which types of pets do landlords typically permit in rental properties?