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20 January 2025 | 7 replies
This would likely take coordination with a tenant at some point - (ie - plenty of notice to them that they must vacate in order for you to sell the property)Since your current home is free and clear - you could do a cash out refi or take out a new mortgage on the new house to be able to buy your paren't house and pay off the mortgage.
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28 January 2025 | 6 replies
The LLC is irrelevant unless you are paying cash or getting a DSCR loan.
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29 January 2025 | 22 replies
You can build your own team i.e. title co, insurance, pm, contractors, handyman,process server, lender etc.... or you can find an operator who can get you going in that market while simultaneously building out your team.Section 8 housing is a great way to ensure consistency with rent payments however not all tenant who have HCV pay 0%.
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30 January 2025 | 21 replies
Post back if you find another lender who serves you well, and I will add them to my list and pay it forward.Ridge Lending All in One, first position HELOCAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Bank of the west BB&T will loan on a rental portfolioBBVA Compass Boeing employee credit union California: Cal Coast Credit Union and Fremont Bank.
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13 January 2025 | 31 replies
Security systems are easily outsmarted, that’s the point of the initial visit, to case the joint.
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23 January 2025 | 10 replies
Hi Adam,The seller pays the seller commissions and (usually) covers the buyers commissions as well so you shouldn't worry about those fees.The 10% vs 20% I feel like is a personal opinion.
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21 January 2025 | 19 replies
They stopped paying the lender and wanted to work something out with the lender but the time is running out (ie the management company did not do any significant improvement during the forbearance period) One of the LP just emailed me and said we need to raise 65k to enlist help from this company.
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23 January 2025 | 8 replies
What you use is what you have to pay back.Cash-Out Refinance Cash-out refinance this gives you cash from the equity you have built up in your home.
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29 January 2025 | 3 replies
Then he is going to hire subcontractors to do the job and you are going to pay them for that work as well.
31 December 2024 | 8 replies
Another option is to invest in the market instead of paying down a mortgage.