Shiloh Lundahl
Those of you on the sidelines
30 January 2025 | 45 replies
Most investors on this forum are obtuse to the complicated nature of macroeconomics, cause and effect.
Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
The sooner you regain control, prove that you fully intend to enforce the terms of your lease, and that you will not be 'played' by their recall of events or documents, the more effective this action will be.
Andrew Slezak
Quitclaim to LLC?
4 January 2025 | 4 replies
There’s normally action items that can be implemented into your management process that are more effective.
Lauren Rangely
Foundation repair options
7 January 2025 | 5 replies
Several of the contractors offer helical piers but don’t seem to think they’d be a more cost effective option - we can directly ask about this again.
Dwayne Rowe
Accessing equity from multiple properties
31 December 2024 | 11 replies
It's a domino effect.
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Sam Hendricksen
Buying near new casino
5 January 2025 | 5 replies
Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive?
Eric Coats
Running STR #s for Newbie
29 January 2025 | 20 replies
If you pay cash, you don't have a payment, but effectively you are giving up an income stream if the cash had been in a bond or ETF and earning you either interest or appreciation.
Alejandro Ortiz
Starting My Real Estate Journey—Eager to Learn, Grow, and Collaborate
3 January 2025 | 2 replies
This coming year set the goal of getting more committed to learn and expand my knowledge to avoid previous mistakes taken as well as to be able to effectively continue to expand my portfolio.I’m here to connect with others who are also passionate about real estate, and I’m eager to learn from your experiences, insights, and advice.
Jared Mink
Evicting Tenants prior to or at purchase
6 January 2025 | 1 reply
Even then its often more cost effective to work more with what you have.