Eli Kim
Maxed DTI. How should I get more properties?
10 January 2025 | 20 replies
Down payment should be about the same (20% on a buy-and-hold) but you'll see an additional $3-$6k on average in CC and the ability to keep it off of your DTI/Personal credit along with hopefully no more hard inquiries on your credit (many lenders will accept/perform a soft pull).
Paige Corsello
80% Cash out DSCR
26 December 2024 | 8 replies
Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount.
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
I had this issue before, and I wish my agent told me to accept cashiers check instead of a personal check, and I had to resort to hiring a lawyer to scare the tenant with a letter from his office.
NA L Harrison
Where to rent with 13 dogs?
23 December 2024 | 4 replies
No good landlord will accept 13 animals in a rental.
Marisela Arechiga
To ADU or to Purchase Another?
14 January 2025 | 8 replies
I have an accepted offer on a luxury cabin.
Josh Buchanan
Any reviews of RentRedi?
19 January 2025 | 51 replies
I currently have 7 rentals units ( two three unit properties, an investment condo and a garage space) Currently I accept many forms of payment including Zelle, Venmo and paper checks.
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Scott MacComb
Contract with general contractor on house flip
31 December 2024 | 13 replies
And a general contractor would NEVER sign a customers contract This ^^^^ 1) No good GC will accept a customer providing materials They would have to be a newbie or a fool.
Ivan Castanon
I need to change strategies. What should I do?
31 January 2025 | 43 replies
If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.
Alex F.
Anyone used HostShare.co
23 December 2024 | 3 replies
If you don’t agree to that to kick you off the platform.Really not appreciating being forced to accept instant book