
21 November 2024 | 1 reply
My limit is set to $500, and I never was sent a request for this repair.

19 November 2024 | 1 reply
Don’t really want to stop that, but just looking for someone to coach or assist me through my options here so I make an informed decision!

5 December 2024 | 554 replies
Along with that, retailers that actually do accept it, treat it more like an intermediary, assisting in facilitating the transaction (like visa/mastercard/western union/etc.), than they do a currency.

22 November 2024 | 6 replies
Online Facebook groups can be fruitfulOnce you find a property things tend to move fast so have a good contractor available to help you estimate repairs.

19 November 2024 | 28 replies
I suggest you look for clarity on what resources you can use or companies can assist in using a small piece of that equity as a downpayment on another high-quality asset like the one you already own.

20 November 2024 | 9 replies
Happy to connect and assist you in your real estate investing journey.Happy to connect if you are interested to expand your portfolio@Albert Bui @Carlos Valencia

21 November 2024 | 1 reply
If a major expense comes about (i.e. roofing repair, hvac, etc) we would split that as well.

21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.

14 November 2024 | 7 replies
This documentation will be helpful if you ultimately decide to charge the tenant for repairs.

20 November 2024 | 14 replies
If selling is on the table, a 1031 exchange could allow you to defer taxes and reinvest in properties with better cash flow or lower maintenance needs.Since repairs are mostly handled, it might be worth reviewing your rents to see if there’s room to increases/ways to improve cash flow.