Noelle Mastelotto
Moving to a New (Midwest) Market
12 September 2024 | 23 replies
Kalamazoo or Cleveland/Akron are suitable for lower-cost options, especially for those with a live-in flip experience and need to accommodate pets.
Sam Sand
How to become a Private Lender
7 September 2024 | 5 replies
After finding a suitable borrower to place your money with, but before the money trades hands, be sure to underwrite the deal thoroughly.
Brent Warner
Need Market Advice for Florida for First Property
10 September 2024 | 13 replies
@Brent WarnerFlorida offers suitable income opportunities for investors, particularly in the Tampa Bay Area, with competitive rates and no state income tax, making it an ideal choice for those seeking rental income.Good luck!
Seth Baumgartner
Exploring BRRRR in Cincinnati: Realistic Expectations and Potential Challenges?
8 September 2024 | 13 replies
Market Suitability: Are there certain parts of Cincinnati or property types that might be more challenging for a BRRRR approach, especially for someone with limited time?
Emmanuel Ola
Urgent Advice Needed: Choosing the Best DSCR Loan Option Before Closing
6 September 2024 | 4 replies
Scenario 1:Rate: 9.375%Monthly Payment: $1,185.31Closing Cost: $12,768.53Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down: $0Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $10,526.54 (30% down + closing costs)Total Cash to Close: $58,526.54Scenario 2:Rate: 8.875%Monthly Payment: $1,144.87Closing Cost: $12,768.53Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down (1%): $1,120Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $11,646.54 (30% down + closing costs)Total Cash to Close: $59,646.54Scenario 3:Rate: 8.625%Monthly Payment: $1,124.87Closing Cost: $12,206.54Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down (1.5%): $1,680Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $12,206.54 (30% down + closing costs)Total Cash to Close: $60,206.54Scenario 4:Rate: 8.375%Monthly Payment: $1,105.03Closing Cost: $12,768.53Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down (2%): $2,240Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $12,768.53 (30% down + closing costs)Total Cash to Close: $60,768.53Which of these options do you think is most suitable, given that I plan to pay off the loan sooner rather than later?
Heather Martini
Seeking Feedback: STR Market Insights Report
6 September 2024 | 13 replies
Some indication or analysis of STR market suitability for investment - returns driven by cash flow market or appreciation.
James Floyd
Checkbook 401K reviews
5 September 2024 | 14 replies
@Adrian N.A LLC that holds rental properties is not suitable as an employer for a Solo 401(k) plan.
Sean Petrash
Newb looking for wisdom
2 September 2024 | 7 replies
@Sean PetrashTo find a suitable property for short-term rentals in New Braunfels, consider factors like budget, market realities, property type, location, financing options, contingency planning, STR research, alternative rental strategies, driving for dollars, property management, and long-term vision.
Paul Guillotte Jr
Greetings everyone (203k)
1 September 2024 | 3 replies
The city offers various multi-family housing options suitable for house hacking, including duplexes, triplexes, fourplexes, and townhouses.Regarding the mortgage securing, I could be of help with that, I work for a private lender that lends in 48 states, including North Caroline.Find a realtor familiar with investment properties and house hacking strategies in Charlotte.
Kaden Flores
How to get into Wholesale
1 September 2024 | 5 replies
Real Estate has always been a goal of mine since getting out of high school 2 years ago, however I never knew how to get started or what field would be most suitable for me.