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5 November 2024 | 5 replies
He approached me about taking a low-interest loan from him instead of a bank.
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4 November 2024 | 1 reply
Some of the projects were with a local partner as well and then the managing chores were split between us.The lending perspective was stiff in the beginning, as I didn't have any experience at all, also no credit score, and that project was only by myself, so the leverage was low, but I could work on a low-price property to start.Fast forward 5 years, I have built a credit score with 2 credit cards under my ITIN of more than 650, and done 4 properties as experience.
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3 November 2024 | 2 replies
Not sure about PA, but in NY if there are any lights in common areas the landlord needs a separate meter - you can just go count the meters on the house, if there are 5 then you know there is one for common areas.I wouldn’t use cap rates for a four unit, use comparable properties if possible.
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7 November 2024 | 6 replies
Torn between using my VA loan or use my investment property below to help fund my deal.Been losing deals left and right due to the owner occupied rule with VA.I have about 30k in savings, 30k retirement fund, no debt, low expenses (living with parents until find a place)I Own (under my name) a 5 unit mixed use building (4 residential, 1 commercial) fully occupied.
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4 November 2024 | 21 replies
None of my clients do the "co-GP", its a very thin facade...light on substance usually will land both parties under federal trouble...
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5 November 2024 | 10 replies
If you have any questions regarding the real estate purchase (negotiation) process, the loans you might be qualified for (low downpayment or low interest rate options), or the insurance you may need for the purchase I can answer any of your questions.
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5 November 2024 | 8 replies
The doorbell also gets a good view of their faces since it is mounted low, and can see under hats.
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5 November 2024 | 29 replies
Quote from @Rene Hosman: Quote from @Bonnie Low: I'm using Baselane and I love it.
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8 November 2024 | 12 replies
If you aren't making calls, the chances you will get a deal are quite low.
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2 November 2024 | 28 replies
He needs properties and connecting with agents is a very low cost way to get properties, as Realtors are trusted sources for motivated sellers and naturally get deals brought to them.