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17 October 2024 | 14 replies
In a former life this was fairly common but I would have it paid to escrow and then credited off my origination fee, if that makes sense.
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15 October 2024 | 1 reply
Things I would like to include are cameras in common areas, Inspection, Cleaning, Noise, Parking, Personal Spaces like fridge and cabinets space, bi-weekly rent collection.Please reply if your near Charlotte, NC for a free lunch.
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16 October 2024 | 7 replies
Some lenders may still offer 10% down, but they might require strong compensating factors such as excellent credit, higher reserves, or a low debt-to-income (DTI) ratio.The requirement for 12 months of reserves is common with jumbo loans right now, especially in Southern California, where property values are high.2.
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15 October 2024 | 2 replies
Median SFH are selling for right about $600,000 and properties are appreciating about 10% a year in recent years, though that can’t last forever.I am self-employed and do pretty well, but I do not have a W2 and my income varies quite a bit.
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15 October 2024 | 3 replies
When operators mention employer names or area amenities, they should look at where their actually tenants work and pitch that vs just big name companies whose employees might not ever live in the building.They always pitch no capital calls, but will be interesting to see how investors fair after inhouse loans will be paid off to the properties they needed to do that with.
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17 October 2024 | 20 replies
Look, '09' I built and employed a small "army" of wholesalers.
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15 October 2024 | 10 replies
I've been advised by a local investor to look off market and utilize seller financing as I don't have much capital to work with nor the 2 years of employment records needed for a bank loan.
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15 October 2024 | 16 replies
In my research, default rates are pretty high amongst 401ks loans. 5) If you leave your employer and want to rollover your remaining balance to an IRA to be able to invest in real estate, known as a self-directed IRA, you have to either A) Payoff the loan first, or B) When you rollover funds, the loan balance will be immediately distributed to you, thus taxes and penalties, and you forfeit all that tax-advantaged money back in the account. 6) 401ks are generally covered under federal ERISA rules, which affords you additional creditor protections, from outside of the 401k judgments.
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15 October 2024 | 12 replies
Love that you're looking into BRRRRs, thats becoming more common and I can see why.Are you looking at particular areas besides Houston?
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17 October 2024 | 12 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.