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2 February 2025 | 1 reply
They are more useful IMO for getting chunks of equity right off the bat thru value add and then either realizing that equity by flipping it and using for a down payment on something bigger or hold a couple years and then sell at that point to do that then.
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3 February 2025 | 25 replies
If you do have enough other income then you dont even need to lease out this property to start your refinance.However if you dont have enough income to qualify with no rental income offset then yes you will need to obtain your lease(s) and security deposit + 1st months rents deposited before you can utilize 75% of this gross income - your monthly PITIA payment (in terms of qualification on this property refinance.So all in all Id make sure what your current debt to income position is first of all (DTI) and then strategize to see if you even need the leases at all.
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3 March 2025 | 6 replies
They'll also want to track which ones are accessed and then which ones are used to pay rent.
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7 February 2025 | 12 replies
I get nervous about it but then have to let my rational brain work and say, I own an out-of-state property and I own another property in LA.
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2 February 2025 | 1 reply
Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.
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7 February 2025 | 4 replies
Really hard to kick in a door and then even if they go thru a window, can't open door from inside.3) Remove mechanicals, store, reinstall upon MoveIn4) VPS or DAWGS - metal window screens and doors.
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3 February 2025 | 3 replies
My plan was to purchase a lot and build a foundation, bring in a doublewide/manufactured house. have it placed on foundation and have a structural engineer reclassify it as fixed real estate. then, I would refinance.
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19 February 2025 | 10 replies
What about if you set up a maintenance company that maintains all of the properties, then you have a real estate attorney prepare all of the lease agreements.
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5 February 2025 | 15 replies
:-) Then I will personally host you in my Columbus Ohio property 😁