Duke Butterfield
Sell or Rent? (Self-Manage or PM?), 4 year-old Primary Residence to Rental Property
27 January 2025 | 14 replies
You will have to pay an annual fee for this service, but it takes the repairs and Tenant requests off your plate.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Kyler Tarr
Knob and tube wiring
27 January 2025 | 18 replies
Under 100amp service - very difficult to insure.
Donyea Jenkins
DSCR Loan Question
30 January 2025 | 14 replies
Make sure to run your numbers conservatively and based on the current as is value if you plan to go this route.
Sundone Boutvyseth
First investment property for less than 10% down
30 January 2025 | 21 replies
Based on what my mortgage broker told me a couple of days ago, these rates are in the low 7%'s, whereas the secondary home loan is low 6's.
Zoe Brennan
New Agent & Aspiring Investor
30 January 2025 | 7 replies
My advice is focus now on building your branding, business and client base in real estate.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
With 0% down and 30 year amortization, your monthly debt service will be $1756.
Jonathan Cubeta
Tenant screening
27 December 2024 | 12 replies
Do any of these services do a residency search outside this country?
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
Both loan servicing companies and insurance companies can be such a nightmare to work with even under normal circumstances.
Brett Riemensnider
First Time Landlord - Tenant Placement In Minneapolis Area
13 January 2025 | 6 replies
If a person has to ask, at all, I STRONGLY advise to use a PM service for tenant placement.