Josh Johnston
How do you avoid running out of loans?
21 December 2019 | 7 replies
The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.
Corey Dulimba
High property tax areas and their drawbacks
26 December 2019 | 6 replies
I live in Austin, TX which has high property taxes, currently 2.19%. I'm working on my first deal and started thinking about property taxes through the years. I'm looking at purchasing ~$200k SFH for long term buy and...
Elvin Green
Leveraging “Group” Credit
23 December 2019 | 6 replies
The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.
Michael Guay
Group House Hack - Bad Idea?
23 December 2019 | 15 replies
While there are certainly drawbacks to not doing this solo there are also benefits.
Matt Ferch
Refinance strategy for partners?
24 December 2019 | 1 reply
The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.
Patrick Reagan
Multifamily Rentals: Cash flow or "safety".
26 December 2019 | 5 replies
Don,thanks so much for the great feedback.My plan is more in line with #4.Anticipating higher repair costs and improvements is a great point as well,something I'll have to calculate into the equation.With the higher cash flow expected ,with such a property, I think I'll be ok.Sounds like your example in Arlington was a solid play despite all the draw backs.Did the drawbacks you describe cause you to sell?
Rachel Kim
Newbie, New Investor Question for Next Properties
4 January 2020 | 6 replies
The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.
Matthew Von Dwingelo
How We Purchased a $650k Triplex with $0 of Our Own Money (pt. 2)
29 May 2022 | 13 replies
JK, it wasn't that easy ;) After we explained to him what "Subject to" was and the potential drawbacks (Discussed in part 1), understandably he was a bit weary about moving forward with the deal.
Peter J.
How long to wait before offering rental lease renewal?
3 January 2020 | 3 replies
(i.e. their current lease is set to expire July 31, 2020 and I would offer a renewal from August 1, 2020 to July 31, 2021.2) Aside from a reduction in supply in the area and the unlikely potential for a sudden increase in average rental rates in the neighborhood, are there any drawbacks to an early renewal proposal?
Corey Block
My first Mobile Home Park
8 November 2019 | 35 replies
What drawbacks/difficulties do you think you would have encountered?