Venka Pulla
How to deal with Bad property manager
11 January 2025 | 7 replies
Try calling the PM from a different phone number and also try the number on rental listings (if it is different from their main number).
Barbara Potts
Interest in self storage syndications
16 January 2025 | 12 replies
We would love to meet for coffee at your convenience after we both return from the mainland.We will keep the investors club in mind - but on Saturday mornings at 8 am at this time of year we call our son in Prague so we can talk with him and his family.
Ogonna Odo
Paying Contractors with a Credit Card
17 January 2025 | 4 replies
I tried to use an app called melio to pay some of my contractors with a credit card and it cost me more headache than planning for my rehab project.
Dallas Morioka
Using Seller Financing to Buy Primary Home
16 January 2025 | 0 replies
They live in a semi HCOL area called Torrance (house is in a good zip code 90503).
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Steven Catudal
Investing in Alabama as out of state investor with a partner
15 January 2025 | 12 replies
I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.
Steven Rosenfeld
What do you think of syndicate sponsor Goodegg Investments?
11 January 2025 | 50 replies
They have been incredibly transparent but they are currently deciding on a capital call or selling the property at a major loss (70-80%).
Rebecca Graziano
Where are the genuine RE meetups in DFW area?
17 January 2025 | 0 replies
Then hands me her business card, "call me, I can help you."
Tangie Pate
Lee Arnold Virtual Assistant Success?
12 January 2025 | 5 replies
@Chris Seveney What is their name, and what types of owners/realtors have they called for you?
Miguel Vasquez
Section 8 related
17 January 2025 | 1 reply
Best thing is to call the housing authority that manages the voucher program in your city/county.