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18 February 2025 | 3 replies
If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!
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26 February 2025 | 2 replies
They are the ones responsible for your actions.In TX it is a one page form we are required to provide at the first substantive interaction.
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21 January 2025 | 4 replies
Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.
17 February 2025 | 11 replies
Hard money lenders (HML) typically want to ensure you have the financial stability to handle the property and loan repayment, so proof of liquidity is a common requirement.
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25 February 2025 | 1 reply
The last time we refinanced an apartment, regulations required that we test radon in every bottom-level apartment, which was over 100 units.
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24 February 2025 | 7 replies
I would think some others wouldn't be strict on such a requirement.
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19 February 2025 | 1 reply
Below is today's update: "Corporate Transparency Act Reporting Requirements Back in Effect with Extended Reporting Deadline; FinCEN Announces Intention to Revise Reporting RuleFollowing the February 18, 2025, decision by the U.S.
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17 February 2025 | 15 replies
Short term rentals do get more money, but also cost more to run and require more time.
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21 February 2025 | 7 replies
I have several hands on tasks that would require more than a virtual.
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16 February 2025 | 2 replies
It's required now with the new regulations.