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7 July 2024 | 15 replies
Super tool!
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7 July 2024 | 5 replies
Some real quick items here:VA Loans are for Primary HomesYou can use VA Loans for 1-4 unit properties (House Hacking)VA Loans have 0% downpayment (most of the time)You can have more than 1 VA loan (some people don't know that)VA Loans do carry a "funding fee" which is like a little "tax" to write the loan, but it is waived if you are a disabled veteran.VA Loans do not have PMI (and that's a huge benefit for us)VA Loans also have a very streamlined refinance feature (called a VA IRRRRL) which makes it super easy to refinance if rates were to fall (hopefully that will occur in the future)VA Loans can also be used by a surviving spouse.The VA may not give us the best health benefits but they can certainly get us into debt!
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9 July 2024 | 27 replies
'My new agent is young, super savvy about investing (has rentals himself), grew up in a family of RE investors, and told me that I should be sending out 10 lowball offers to see what bites.
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7 July 2024 | 6 replies
Would be super simple if it is set up like a stock where you can buy in and sell off as needed to effectively spread the gain over a period of tax years.
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7 July 2024 | 11 replies
It's a super clean interface and leaves no doubt as to the status of payment.
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8 July 2024 | 20 replies
So those are great points when out there chasing NPN or super high discount yield notes.. they are not just that easy to get takes a lot of money to even find them in direct marketing etc.. wereas when the investor hooks up with the right company that's all done for them and 100% the return goes to them minus a tiny amount for servicing but they spend Zero money on finding the dog gone things .. which as you state is a real challenge in todays highly competitive world of trying to find discounted owner carry back owner occ notes..
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6 July 2024 | 12 replies
., $75 to unclog a drain, $50 to replace a lockbox)I like the per-task pricing as long as your maintenance calls aren't super frequent.I'm also a hard money lender if you're looking at a new deal to get quotes on soon or if you're looking to refinance a property soon!
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6 July 2024 | 2 replies
I cannot overstate the importance of finding a way to build a good rapport with your tenants as early on in the acquisition process as possible, as it will minimize or prevent countless headaches further down the road.When I took over my duplex with an inherited resident in one of the units, I had this conversation with the tenant prior to closing and found out that the toilet in their bathroom was clogging once or twice a week, and their shower head water pressure was super weak.
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7 July 2024 | 28 replies
Oh, if you have any questions about the process, feel free to PM me for a direct contact, who is super helpful.
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5 July 2024 | 0 replies
This only takes 5 min a day, and is super fun to nerd out and do a few deep dives when I get really curious.