Cristen Marcotte
DO NOT USE STEADILY INSURANCE
19 January 2025 | 15 replies
am working with them now and had the first policy (with Spinnaker) cancelled for nonpayment/late payment so we rewrote another policy (with Millenial) and having the same payment problem again but at least they are communicating that cancellation is coming. they want me to pay by credit card over the phone so the payment wont be late and cancelled again. but when i go to mycoverageinfo.com to check on status it shows its been paid.
Jerry Tello
Over The Counter (OTC) Tax Liens
14 January 2025 | 11 replies
Quote from @Daron Williams: I just invested in a tax deed here in texas it was a beautiful lot right on lake sam rayburn. i have it on the market for sale the only problem is you have to have two lots to build on.. i found the person that owns the lot to the right of me and there willing to possibly sale there lot the only problem is i dont have the money or the credit to purchase it.
Garry Lawrence
19-Year-Old Closing on First Rental Property – Seeking Advice!
11 January 2025 | 12 replies
Verify credit, employment, etc for you. 6) I would definitely want noise (quiet hours), guests, and treatment of common areas covered. 7) We've used Rent Manager as it focuses more on the financials which I think is super important.
Allen McCann
New member from Cleveland, OH
17 December 2024 | 27 replies
I am currently looking for a small local bank or credit union that issues lines of credit collateralized with investment property.
Jordyn Ohs
Best way to pay down or off a Heloc
16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.
Adam M.
Cost for a Tax Specialist
13 January 2025 | 7 replies
I've seen folks charge as high as $5,000 to $10,000 for tax planning and tax preparation, But i also know high quality folks that have fees are around $1,200 to 2k.
Loren Souers
Best deal for first time rental purchase
19 January 2025 | 8 replies
Yes, that’s another credit union only asking for 10% down with no pmi.
NA Hirsch
Soft Pull Credit Report
13 December 2024 | 3 replies
Quote from @NA Hirsch: What service do you recommend for doing a soft pull on a potential borrower's credit?
Colin Frank
19 years old and ready to jump into the real estate investing game!
2 January 2025 | 4 replies
You’ve already got a head start with hands on experience.. and you’re probably way more prepared than you think.That first property can feel both exhilarating and terrifying, so here’s what I’d focus on:Cash Flow & Analysis..