
11 March 2024 | 152 replies
Yes, I can KS.The fundamental deal is the same as always, making sure that a traditional residential property meets our criteria, is well renovated, and has a great ratio of purchase price and rental income.Just as an example: I was offered a duplex in Ohio last week for $135K, rental income of both units together is $1900/month and the down payment through a special financing vehicle is $15188.Initial cash flow is minimal but still positive and with a planned refi in about 3-4 years when rates are back down, it will jump massively.

8 March 2024 | 13 replies
Some have gone this way, some still do the traditional route of Request - Forms - Schedule - Inspection - Report - Approval - Wire.

6 March 2024 | 0 replies
By default, the Mortgagee is both the one that lends and the one that has an insurable interest and therefor both descriptions pertain to “Mortgagee”.Which is preferred: Traditional Banks always only require they be listed as the Mortgagee whereas Hard Money and or Private Money; it’s 50/50.Now, you’re probably wondering in what instance would someone be listed as a Loss Payee but not Mortgagee- well, let’s say someone lends the property owner money in a non-traditional fashion - we can chat more about this later -whether it be for the property or for something else, doesn’t matter, and the borrower uses the property as collateral.

8 March 2024 | 53 replies
It's not the traditional 2-4 unit multifamily or rent by the room house hack, but you get the idea - get creative about ways to make money off of your primary residence as well.Overall point is that you probably need to get scrappy to get you to the point of leaving the W2.

5 March 2024 | 2 replies
The Trust should bypass probate the Decedent's Estate.

7 March 2024 | 15 replies
Investing in short-term rental (STR) properties in Florida with bad credit poses challenges for traditional financing due to credit score restrictions.

7 March 2024 | 9 replies
Traditionally, co-ops are more anti-landlord when compared to condos - that's why they're generally cheaper than condos.However - each co-op building is different.

7 March 2024 | 10 replies
When my daughter looked into tankless, they told her they could install it outside (couldn’t work out venting inside) but it would require additional maintenance, so they just went traditional.

6 March 2024 | 2 replies
I know this is because I have been focused on the DTC/SF traditional mortgage options or funding with buying an existing structure, but I can't see a clear path to financing a 2-fam new construction that's owner occupied (allowed by right per zoning).

6 March 2024 | 5 replies
Private financing or hard money is generally used for acquisition and rehab financing for properties that won't qualify for more traditional loans, when speed is a priority, or when some other aspect will roadblock traditional underwrites.