Cody Anderson
Bringing New Co-Owners into my NYC Fourplex
18 November 2024 | 3 replies
She's on title with her partner and is looking to sell two of the units to the current tenants while at the same time removing the existing partner from title.She's leaning towards having each buyer individual finance their purchase but is open to the possibility of seller financing.
Nolan Ring
3/3 lenders have no idea about FHA loans
21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.
Madelyn Felix
Remote property access and cameras for self-guided tours?
20 November 2024 | 23 replies
The individual proves their identity before receiving a code.I still do in-person showings as much as possible, but unattended showings are great for after-hours, weekends, or holidays.
Tiffany Da Silva
Advice needed on real estate LLC business banking & Organization
21 November 2024 | 6 replies
I don't have individual accounts per property or per door.
Heidi Fahringer
Interview Questions for Prospective REI Accountant
19 November 2024 | 8 replies
Below are some important things for you to be mindful when you have to file a partnership tax return1) A partnership return generates a form K-1 that each investor will need to complete his / her tax return.Will the accountant be able to complete the tax return by April 5th to give the investor/partner enough time to file his individual return?
Hans Kim
Excited to Dive Into Real Estate Investing & Build a Rockstar Team!
18 November 2024 | 10 replies
Let me know if I can be of assistance.
Jessie MacDonald
Renting to someone on an income rental assistance program??
7 November 2024 | 3 replies
Looking for advice on renting to an individual on a rental assistance program through the government.
Loren Becker
Assignment using a C.A.R purchase agreement
20 November 2024 | 20 replies
Would your realtor be willing to assist me for acquisition.
Timothy Blackman
First time home buyer loan advice.
14 November 2024 | 22 replies
Some will assist with down payments or closing costs and only require you watch some videos to become a better informed buyer, so win-win.
Troy Welch
Legal Advice-1st Position Lender, Borrower Filed Ch 11 Bankruptcy
20 November 2024 | 2 replies
I have invested a large sum of money with a company (individual with LLC) who has filed chapter 11 bankruptcy.