Jessica Lundin
Renovated our first home and did surprisingly well
7 December 2024 | 0 replies
30 yr mortgage with VA How did you add value to the deal?
Richard Nguyen
Experiences with SDIRA
29 November 2024 | 9 replies
@Richard NguyenHere are some of the downsides of putting real estate into a self directed IRA or 401k.No tax deductions: You can’t claim deductions for property taxes, mortgage interest, depreciation, repairs, improvements and other property-related expenses.Property expenses: All expenses, repairs, and maintenance costs must be paid with IRA or 401k funds, and you must pay others to do repairs and manage the property.
Ahmed Moustafa
Seeking Advice on PMI Removal for Fannie Mae HomeStyle Renovation Loan
5 December 2024 | 5 replies
The LTV ratio must be:75% or less, if the seasoning of the mortgage loan is between two and five years.80% or less, if the seasoning of the mortgage loan is greater than five years.Hope this helps!
Natalie Cao
Trying to start real estate investing
9 December 2024 | 3 replies
She rented out the second bedroom to a traveling nurse and found that the rental income not only covered half her mortgage but also let her save for her next property.
Lily Jensen
HELOC on investment property
6 December 2024 | 7 replies
I am not aware of any local banks that offer a HELOC in FL however you can do a DSCR standalone 2nd mortgage up to 75% CLTV on Condos.
Brent Hindman
Keep Primary as First Rental?
4 December 2024 | 16 replies
(Live there for a bit then rent it out)It's a tough decision nowadays with a 3% mortgage which is pretty much an asset in itself.
David McIntyre
lien or refi options pls?
5 December 2024 | 8 replies
Need input / ideas / comments on following pls.I have 2 SF rentals that I'm facing foreclosure on as I fell behind w/ the mortgage payments on (due to unrelated problems).
Sam Epperson
What are the next steps after creating a seller finance note?
6 December 2024 | 3 replies
The basics of a seller financed deal are that the title co or closing attorney (if there is one) or seller’s attorney draws up the warranty deed transfers title, the promissory note evidencing the debt related to the transaction, and either the deed of trust or mortgage (whichever is being used) perfecting the lien against the subject property.
Dan H.
Underwriting STR - Looks promising but deeper evaluation shows poor return
15 December 2024 | 13 replies
There are plenty of investments that will make you money and have mortgage paydown.
Adriana V Alvarado
Invest in Bay Area California? Just starting Out
5 December 2024 | 22 replies
If you rent out the entire unit, you might not be able to cover more than 70% of your total monthly payments (mortgage + HOA + property taxes).