Dan Shallcross
Eviction process with a VA loan
23 January 2025 | 3 replies
I know federally backed loans are required to give 30 days notice but I believe that because it is a triplex and the other two units aren't owner occupied it allows me to do a 3 day notice.
Donyea Jenkins
DSCR Loan Question
30 January 2025 | 14 replies
Some may be more flexible and allow properties in need of repair as long as there's a plan to generate rental income.
Nate Marroquin
House Hacking, with other rental debt and low income
30 January 2025 | 10 replies
If you're eligible, a VA loan is your best choice since it requires $0 down, no PMI, and allows multi-family properties.
Fumi Maher
Seeking advice for aouse hacking strategy in Austin
29 January 2025 | 9 replies
Someone who has a Great job that does not allow them to move, would never be tempted to move.
Abraham Garza
1acre with 4 manufactured homes for rent is it a good deal? Newbie
21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
Leonard La Rocca III
Conventional Lending Out of State
31 January 2025 | 6 replies
Lenders will want a letter from your employer that states you are allowed to work remote from where you currently live and that this move will not affect your income.
Christian Solis
Choosing my business entity
31 January 2025 | 4 replies
An LLC shields personal assets from business liabilities, while S-Corp taxation allows you to reduce self-employment taxes by taking a reasonable salary and distributing remaining profits as distributions, which aren’t subject to payroll taxes.
Franklin Perez
Beginner REAL STATE enthusiastic
31 January 2025 | 7 replies
@Franklin Perez how is getting a license going to allow you to access off market properties?
Cathy Svercl
Rent credits for cleaning & painting by future Tenant
15 January 2025 | 8 replies
However, she has requested a Rent Credit.I have no problem letting her clean since that will save us money and allow her to get in there faster.
Ethan Borshansky
Can you 1031 Exchange into capital improvements?
21 January 2025 | 6 replies
However, there is no way to do so without risk.The Internal Revenue Services issues three (3) Private Letter Rulings (PLRs) that allowed the taxpayers to do just this.