Jacob Kurian
Newbie FHA Loan
16 December 2024 | 5 replies
However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.
Gregory Beaty
FreedomSoft Scam!
27 December 2024 | 22 replies
The idea is brilliant, the product isn't ready yet though.
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
@Tayvion Payton to get a better understanding of the loan products, it's best to have a conversation with a commercial loan officer at a local community bank or credit union.On commercial, the number one rule is a deal meeting their DSCR loan covenant, which is typically 1.2 to 1.25.
Aaron Kuehmichel
Who pays when Tenant requests 220 volt electric dryer hookup; 110 and gas provided?
29 December 2024 | 13 replies
I think Natural Gas dryers have 110V outlets but electric only dryers are 220V w/30 Amp breakers, if I'm remembering correctly.
Dwayne Rowe
Accessing equity from multiple properties
31 December 2024 | 11 replies
. - the juice isn't worth the squeeze to me on that type of loan product.
Dayana Castellon
AI Innovation and useful
29 December 2024 | 7 replies
AI is good for a first draft of things, not for widespread usage.People are looking to use AI to move quicker, but it only makes you or your product more robotic (artificial intelligence and such).
Heidi Kenefick
Organaizing finances- baselane vs Rentastic vs avail vs rentredi?
21 January 2025 | 40 replies
I do feel QBO kinda traps you into the system (Like Apple products, haha) becuase it is the "Go-To" for Bookeepers and Accountants.
Ram Gonzales
Creating a debt fund for owner finance strategy
15 January 2025 | 29 replies
Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside.
Bob Willis
DSCR for acquisition of existing PadSplit
16 January 2025 | 21 replies
@Mike Grudzien Happy to help on an DSCR and we also help train brokers in this program so they can speak on & guide better on it, Great product to have.
Don Konipol
Why Most Real Estate Investors Can’t Scale Their Investments or Their Business.
4 January 2025 | 14 replies
Assuming that they aren't simply lucky in market timing, excessive in leverage, or excessively risky, why do you think that some companies and leaders ARE able to duplicate the ROI driving expertise and/or improve personal-business productivity in a way that allows scalability?