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5 December 2024 | 8 replies
If I go BRRRR I’ll refinance with a standard lender.Assuming we sell for $625k which is the ARV and market analysis I pulled, purchased for $345,500 and have $120k in reserves for rehab cost.
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9 December 2024 | 15 replies
Exercise caution and explore alternatives before considering themIt’s important to clarify that your employment with us ended abruptly because your actions and values did not align with our company standards.
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4 December 2024 | 32 replies
I can refute your reputation, I can refute you who you fundraise from, I cannot refute a truly quality deal.
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28 November 2024 | 4 replies
They have every incentive to make sure construction is up to standard since they will receive 5-6% (to be split with buyer's agent depending on state) of the sale price in commission.
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2 December 2024 | 14 replies
What is the best way to find good general contractors (reasonably priced, delivers on time, committed to quality) ?
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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.
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13 December 2024 | 35 replies
Dayton could be a good alternative, offering similar price points.To narrow your options further, consider factors like population and job growth, cash flow potential, and the quality of neighborhoods you’d feel comfortable investing in.
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5 December 2024 | 5 replies
The renovations were already factored into the LTV during the initial loan approval, and the increased value of the property due to those renovations may not automatically allow for an earlier PMI removal under Fannie Mae's standard policy.Workaround/Next Steps:Reappraisal: You might be able to request a reappraisal if the lender is open to it.
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8 December 2024 | 21 replies
Hello All,I joined Renatus 4 months ago and it is the best quality education I have ever seen.
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11 December 2024 | 29 replies
I would base accepting them on asset quality.