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27 November 2024 | 10 replies
I believe that the ARV I originally thought was correct of 160-165k which after a cash out refi will get me my money back and then be about break even.
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26 November 2024 | 12 replies
I hope I understood your scenario correctly.
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23 November 2024 | 15 replies
Fannie does have a guideline that allows a property to be deeded over to an entity so long as the original borrower is also in the entity, but you have to wait 6 months of seasoning and maintain continuity of ownership.
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26 November 2024 | 13 replies
Thanks Tim - yup you are correct.
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26 November 2024 | 9 replies
When you set up your online foundation correctly, you become the obvious choice when they start searching for answers.This is how you rise above the noise and succeed in wholesaling.If you need a step-by-step blueprint on success wholesaling, just respond here and I will lay it all out for you.
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23 November 2024 | 6 replies
This eliminates the requirement for a new down payment since you are refinancing the existing debt.Lenders typically require:A copy of the owner-financing agreement.Proof of on-time payments (6–12 months).What to Do:Find lenders that offer rate-and-term refinancing for owner-financed properties (portfolio lenders and DSCR lenders often do this).Maintain a clean payment history.”
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22 November 2024 | 4 replies
That's hitting the 2% "rule", and if you can maintain regular rent on that you've really hit a home run in today's market.
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27 November 2024 | 16 replies
In today's world you need to be about 28-35% down on properties to be gross cash flow positive, closer to 40-42% to be truly net cash flow positive(i.e 50% of your income goes to maintaining the property, other 50% is actually profit).My recommendation is to buy ideally a 4/3 SFR that's a starter-friendly one in a good area, and rent it out by the room.
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26 November 2024 | 17 replies
Our goal is to purchase two multifamily properties per year, and we want to ensure that we establish the most effective structure for asset protection from the outset.We’re exploring options such as Subsidiary LLCs, Parent LLCs, and Irrevocable Trusts to maintain both asset protection and anonymity.
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4 December 2024 | 32 replies
You are correct.. don't educate when you lack ETHOS (trust/credibility).