Molly Hane
Looking for your advice on this deal (my first property)
3 December 2024 | 8 replies
Also the fatal flaw with books is they're written at a point in time, which means they are not necessarily related to today.Still can learn a thing or two, but I would resist the urge to follow the book that hard.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
. - provided you can resist the urge to spend it instead of using it as intended.Yes, you can add to the principal payment amount every month if your budget supports that.Here's the piece that folks tend to gloss over: This method of debt acceleration only works if you have money left over at the end of the month after all your debts and expenses are covered.
Cole Bossert
Starting Out Investing While Finishing College
4 December 2024 | 6 replies
Student housing can be done very well by those who just left it.
Benoy Varghese
Taking over property with Tenants
6 December 2024 | 2 replies
Hello, We just purchased a single family home that is currently leased to five college students.
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
Is it ethical to float notes through a chain of "students"?
Nate Jenks
Fixed vs "first responder" Adjustable rate mortgage.
11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
Abraham Berkowitz
Fix & Flip and BRRR in the Scranton area
6 December 2024 | 12 replies
I am currently invested close the Marywood University where I do have a combination of family and student tenants.
Roberto Kattan
Buying investment property in Rochester NY
3 December 2024 | 40 replies
They’re fully renovated and rented to U of R and RIT college students and grad students.
James Wise
Failed Leadership is why California is on fire.
23 January 2025 | 165 replies
Fires in the mountains is nothing new, as a young student in the 1970"s I would be returning from classes and the hills would be ablaze for days.
Sushil Iyer
Estimating expenses post-purchase
4 December 2024 | 4 replies
If you have a 6 bedroom in an area that does not have a university (students looking for shared space) or is in a family friendly place it may sit vacant longer between tenants.For Capex, try not to use a generic number - look at the roof, furnace, hot water tank, kitchen - when will each need to be done and what will it cost?