Gene D Stephens
Looking for Advice on Investment/DSCR loans
8 January 2025 | 10 replies
I'm relatively new to this and am grateful for any advice from the forum.
Michael Moya
Advice Needed: Loan Options for SFH under $120K
8 January 2025 | 5 replies
Costs will seem high relative to the loan amount on these smaller loans, $5-6k in lender fees isn't uncommon.
Mark Daniels
Advice on borrowing against a paid off Commercial property to buy an additional one.
18 January 2025 | 8 replies
If the loan amount you are looking for is small relative to the value of the first and the second property combined, they are very well secured on a LTV%; ask for a 1% point lower rate.If you don't want to Cross Collateralize, do you have any CD's or MM you can transfer to this bank as collateral.
Becca Pariser
Who is responsible for back mortgage after paperwork is signed?
10 January 2025 | 3 replies
I'd look at the closing docs for something related to the pro-ration of expenses etc and see if you have anything there that could be a clause you point to for them to cover those payments.
Edward Heath
Balancing a personal home build and starting a rental business
25 December 2024 | 2 replies
We had many mishaps and health problems to deal with.
Matt Weddon
Legally Rejecting Applications
2 January 2025 | 18 replies
In-person behavior can be grounds for rejection, would suggest documenting the behavior and related risk to further protect yourself.
Ken M.
What's Alive For 2025 - "What Is The Biggest Risk For 2025"
2 January 2025 | 0 replies
Numbers 2 and 14 seem to fit - the others are related to inflation and a tech bubbleclick to enlarge2.
Kevin Greer
Do you need a Realtor license to be a property manager in Colorado?
7 January 2025 | 9 replies
For example, for any lease-related activities (negotiating terms/pricing, signing lease, etc.) could I just have a real estate attorney on retainer to do these activities?
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Mario Sanchez
What real estate books would you guys recommend
6 January 2025 | 2 replies
I still watch them sometimes since every day, while eating lunch at work, I watch real estate-related videos on YouTube.