Mark Gomez
Rent vs Sell a paid off home
24 January 2025 | 9 replies
Since it's mortgage-free, the rental income would be mostly profit (after expenses such as property taxes, insurance, maintenance, etc.).
Joe S.
Is promoting buying rentals due to a conflict of interest?
2 February 2025 | 21 replies
I don't advertise any services.
Eric N.
How do you do Seller Financing/Sub2 and comply with Dodd Frank/Safe Act ?
30 January 2025 | 47 replies
As Chris mentioned, use a licensed servicer and let them handle it.
Chrissy Grimm
Recent experience with PayRange or ShinePay?
31 January 2025 | 5 replies
The worst part is they refuse to help me get the account back, quoting their terms of service and stating they are not liable for any issues with my account.
Alex R.
Southern Impression Homes
14 January 2025 | 27 replies
I like new construction since there isn't any deferred maintenance and the properties should be relatively maintenance free for the first couple years (although it's good to include maintenance/repairs in your pro forma and maintain reserves just in case).
Garrett Ramela
What's going on with Azibo? Any recommendations?
20 January 2025 | 4 replies
When you have employees promoting the platform like it is the best platform ever and free accounting services, it was going to go down sooner or later.Pretty sure their other services are going to go down shortly.Baselane is offering assistance I believe, but they are just like Azibo.
Holly Thorsen
Lending question re: HELOC/loan options
31 January 2025 | 5 replies
Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success!
Jon K.
My first rental, 11 years later.
1 February 2025 | 1 reply
Typical maintenance and capex, no real disasters.
Blaise Bevilacqua
First deal (thoughts?)
27 January 2025 | 3 replies
@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.
Joe S.
Creating a note in order to sell it.
27 January 2025 | 7 replies
There are some great suggestions here on down payment, interest rate, servicing, and underwriting the borrower.