Robert A. Coloma
Anyone dealt with a company LOANGUYS?
20 January 2025 | 62 replies
they told us the borrower is not allowed to choose a title company we have to use theirs.
Conor Neville
When to approve tenants?
22 January 2025 | 7 replies
When choosing tenants (I am in California), it's important to avoid even the appearance of discrimination, especially during in-person meetings.
Cameron Marro
Seeking Renovation Advice for My First Investment Property
27 January 2025 | 13 replies
Then you can choose to get a roommate to make extra money.
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr.
Don Konipol
Passive Investor Strategies vs Active Investor Strategies
24 January 2025 | 3 replies
Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health) and choose the one that is most “stable” with the best potential for long term tenancy.This advice is contrary to maximization of rental income, but IMO will reduce expenses of tenant turnover, property damage, property management fees so much that the difference in bottom line income will be quite small.
Noy Rivlin
First-Time Investor Looking for Advice and Connections in Pittsburgh!
11 January 2025 | 8 replies
Why did you choose to invest in the South and not in Pittsburgh itself?
Kevin Eun
Looking to Invest in Orange County as a start - House Hacking - Is it worth it?
3 January 2025 | 12 replies
If you and your wife are on the same page, I say absolutely go for it.Don't worry about the naysayers telling you to invest out of state if that's not something you're comfortable with right now.
Eric Coats
Running STR #s for Newbie
10 January 2025 | 19 replies
It’s wise to start with breaking even and ensure you're comfortable with the costs involved.Happy to connect if you'd like to discuss more!
Jaxin Pierce
Start Rent or Flip
2 January 2025 | 1 reply
If I choose to rent, I might make around $200 - $500 a month.
Argel Algura
Out of state investing and creative deal making as a newbie investor 1 year in
27 January 2025 | 3 replies
I know you want to go full time and jump in, but I'd recommend staying with your day job as long as you can - it makes your life a lot more comfortable to have a steady stream of income to pay the bills every month!