
21 May 2024 | 3 replies
The loan we were applying for is an FHA, which stipulates we must provide a signed lease for our half of the duplex (to be newly rented out) but for the other half which the parents "own" (in reality all three are equally owners of the entire property.) we would need to provide proof of rental income on our tax return, however her parents claimed that so we seem to be SOL.The mortgage is covered, we can rent it out no problem, but the underwriter is saying on paper it looks like she is responsible for the whole duplex and the rent for half of it is unreportable.

22 May 2024 | 30 replies
That's not reality, so everything has to be averaged out in some fashion.The challenge is owners like to think in terms of the minimal time it takes to do things ASSuming everything goes well.

20 May 2024 | 3 replies
But have considered removing one of those walls and installing a load bearing header in the ceiling so that you open up the space and install an island with a sink?

21 May 2024 | 8 replies
You would really have no control over the property in reality as they are the title holder and most likely a lien in front of yours.

21 May 2024 | 41 replies
Inflation is a reality, and it is not going away (even in good times, the target is 2-3%/yr).

20 May 2024 | 8 replies
In diligence, compare the prior annual revenue to the reality of electrical usage (come up with a constant of power cost per day per occupied space and then take the actual power bill and see roughly how many occupied units you have).Much of RV park and mobile home park is 100% overlap: how to find them, negotiate them, do diligence on them, renegotiate them, finance them, turn them around and operate them.

20 May 2024 | 7 replies
He puts on this "hard working religious American" front, when in reality, hes just another scammer online.DO NOT BUY OR TRUST THIS GUY.

20 May 2024 | 6 replies
The reality is that low supply of single family properties will keep a high floor for prices.

19 May 2024 | 2 replies
Remarkably, everything aligned perfectly according to my plans, leaving me in awe of the reality I was living in.Presently, I continue to strategize and aspire to acquire more properties, with the goal of becoming a successful realtor investor, further building my real estate portfolio.

20 May 2024 | 13 replies
If you do go that route, be careful not to hold yourself out as the GP, or at least clearly explain the roll you played because there are quite a few GP's in hot water right now who at the minimum were intentionally vague about their roles creating the perception they have a track record that doesn't align with reality.