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6 October 2024 | 8 replies
Here is some info on that as for"skin in the game".Gift funds are acceptable as 100% down payment for loans <75% LTV/CLTV Gift funds are acceptable for loans >=75% LTV/CLTV; however, the underlying Borrower(s) must contribute at least5% of the transaction (lower of Purchase Price or Appraised Value) from their own fundso Example: A $500,000 purchase price where the LTV/CLTV is going to be 75% or higher would require the borrower to have a $25,000 of their own funds provided ($500,000 x .05% = $25,000)
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7 October 2024 | 2 replies
We got an offer accepted 20k below list, appraised for 60k above under contract price, and now the values just keep climbing because the comps just keeping going up for sale for increasing prices.
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7 October 2024 | 8 replies
Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report.
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6 October 2024 | 11 replies
I find market price with a combo of that website and looking at what other LL's are asking for on Facebook Marketplace.
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7 October 2024 | 34 replies
I'm in a bit of a unique situation in that I'm a California resident and can only invest in properties all-cash for religious reasons.I'm not able to use leverage/loans, and I know and accept that investing all cash is not common, but thats the way I do it.
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9 October 2024 | 39 replies
We are hopefully (fingers crossed) going to have an accepted offer on an off-market deal in Franklin, NC.
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8 October 2024 | 16 replies
If you have a fenced yard put this in your information - right up front.One more thing, we don't accept puppies.
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6 October 2024 | 2 replies
. - If I were to find some creative renter solution and low-ball the market rent at $1700, I could only put in about $180K total assuming a conventional mortgage to generate acceptable cash flow.So, apart from increasing rent and managing the property myself what are ways that I could make something like this work?
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6 October 2024 | 7 replies
Section 8 rents for the entire country by locality are on the HUD website, HUDuser.org look for Fair Market Rent (FMR) there.
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6 October 2024 | 8 replies
For anyone that hasn't used Doorvest, it's a simple website where you put a $1000 deposit and they send you curated list of houses they buy that need renovation, renovate, and then tell you a final purchase price along with guaranteeing things such as first year rent will be 100% covered by them even if they don't find tenants.