Thomas Farrell
BRRRR with ~400k Capital
11 January 2025 | 15 replies
I suggest focusing on building your "Core 4" team—agent, lender (one who can finance both the purchase/rehab and refinance is ideal), contractor, and property manager.
Julian Zamora
How do I pass the NMLS SAFE Mortgage Loan Originator Test?
10 January 2025 | 7 replies
I've been informed that completing the course alone may not be sufficient to pass the exam, so I’m seeking advice on how to prepare effectively once I complete it.Currently, my only other resources include a YouTube video, five practice exams, and a textbook.If you have any additional suggestions—whether online or in-person, paid or free—that could help me effectively prepare for the exam, I would greatly appreciate them.
Troy Smith
Refinance step of BRRR
13 January 2025 | 11 replies
Simple touches like fresh paint, landscaping, and clean walkways can make a big difference.Highlight Key Features: During the appraisal, point out any high-quality materials or unique features you've added.
Tyler Bolton
LLC versus personal umbrella policy for Indianapolis SFH rental
12 January 2025 | 7 replies
Both an LLC and umbrella policy have their perks—an LLC separates your personal assets, while an umbrella policy is simple and covers more scenarios.
Dave Allen
If you magically had 100,000 to invest...
15 January 2025 | 24 replies
Quote from @Dave Allen: Quote from @Zeke Liston: Quote from @Dave Allen: I'm in a bit of a situationMy wife and her parents are selling a duplex they own together.My wife is trusting me to re invest into cash positive investments.We could stand to take as much as a quarter million, and tax free since we lived in the property 2 of the last 5 years.What are some suggestions for markets that would provide cashflow?
John Williams
Downside of the 1% rule...
23 December 2024 | 34 replies
The 1% rule is a simple rule which is easy to calculate and describe.
Fara Heath
Best way to finance this deal?
10 January 2025 | 1 reply
My inclination is to suggest paying back the PML 70% of the land proceeds (presumably $168K) at that closing and then hold the remaining loan until I sell the house.
Lee Miller
SFH to Duplex conversion in Chattanooga
1 January 2025 | 7 replies
IME with due respect to architects they are not generally necessary for simple remodels.
Gregory Banks
Basement crack repair estimates - who to trust?
1 January 2025 | 11 replies
It's a simple solution, get more info.
Hector Romero
Financing and Planning Additional Units (Young Investors)
13 January 2025 | 2 replies
I've seen many people suggest a cash out refi but I like the flexibility of the heloc.