Enrique Toledo
Seller financing financial questions
27 January 2025 | 7 replies
I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require PMI which is an additional expense, and you also need bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.
Jim Bryant
What to Expect at Eviction Hearing
28 December 2024 | 16 replies
The judge had doubts about the veracity of the website I was using to collect the rent (I gave him a print out of the payments and non-payments from the website) and thought we should have driven to unlock the door for the tenant when he locked himself out (3 hours) instead of telling him that was his issue and he should call a locksmith.In the end the judge asked him how much he thought he owed us and he did his calculations in the courtroom, not having this prepared.
Cameron Fowler
First Flip Financing / Low Cash
30 January 2025 | 6 replies
Private Money Lenders (PML): More flexible, relationship-based funding with lower fees.
Heidi Kenefick
Organaizing finances- baselane vs Rentastic vs avail vs rentredi?
21 January 2025 | 40 replies
Rentredi seems to do it all but the reviews for it say there are a lot of bugs and a lot of hidden fees.
Thanh Lu
How to screen guests who book directly instead of Airbnb, VRBO, etc
15 January 2025 | 12 replies
Setting up direct bookings is a great way to avoid platform fees!
Mike Conner
Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
Jonathan Small
2 Bedroom 2yr Rental Into Flip
21 January 2025 | 2 replies
The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.
Julio Gonzalez
Is my property a good candidate for cost segregation?
17 January 2025 | 2 replies
A common misconception is that real estate properties under $1M have a smaller tax basis and therefore do not benefit from a cost segregation study due to the associated fees.
Erick Armando Gonzalez
Tenant Ignoring Renters Insurance Requirement – What’s My Next Step?
5 February 2025 | 21 replies
This may result in late fees and eventual eviction if not cured within the legally provided time.
Mark Daniels
Advice on borrowing against a paid off Commercial property to buy an additional one.
18 January 2025 | 8 replies
Be prepared for a high rate/high fees