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17 May 2024 | 12 replies
Powerful first steps 1) goal setting 2) downpayment savings 3) analyzing in-state vs.
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20 May 2024 | 88 replies
Knowledge is power, but also a burden.
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16 May 2024 | 4 replies
I've personally worked with a handful of "investor-friendly" lenders, primarily on DSCR loans in recent years, and each time I've run into significant delays, lack of transparency about the process, have been fed the requirements in a piecemeal fashion (every few days there's a new random request rather than having it all organized from the start), and have even run into lenders who were substantially misinformed about the real estate industry or the laws that govern it on both a local and federal level.I think there should be a better site to encourage accountability by tracking how long it actually takes each lender to close their loans on average, and what unexpected hurdles investors encounter when trying to work with them.I can't seem to find such a site.
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17 May 2024 | 8 replies
Historically, it's a terrible strategy and your purchasing power will only erode due to inflation.That said, you want to make smart decisions and be pragmatic.
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16 May 2024 | 6 replies
This is because tenant really can break lease easier than LL, so might as well not have the lease to balance the power as it relates to lease termination When does AB1482 apply:- is SFR then AB1482 does not apply- if triplex then AB1482 applies
16 May 2024 | 9 replies
@Dan Powers is talking about LOT area, not necessarily unit area, so what he is saying is that in order for the LOT to have 3 units, the LOT needs to be at least 1080 sqft.
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16 May 2024 | 32 replies
my biggest fear is not having enough reserve for a big unexpected item that comes up then I won't be able to pay back a loan or get the property fixed the way I want it to.
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16 May 2024 | 2 replies
Utilities (only power paid by owner) - $120/Mo?
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16 May 2024 | 17 replies
Think of it as freeing up about $150,000 in investment buying power that will pay you far more down the road.
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16 May 2024 | 14 replies
@Yocheved BeerTypically noIt’s the power of purchase price or appraisal is what lenders go off of