Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
@Rafael Valdor some advice when screening PMCs-----------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
Tyler Carter
SFR loan programs < 25% down
18 December 2024 | 9 replies
Great credit scores and plenty of income from my W-2 source.
Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
21 January 2025 | 23 replies
I hope to leave paid off properties behind for my family, but performing rentals with adequate reserves are a part of my retirement strategy along with other income sources.
Kathy Creighton-Smith
LoanBidz lending reviews
21 January 2025 | 14 replies
A local source is better than a website.
Brian Rocha
Any experience with HMLs for the purchase only?
10 January 2025 | 21 replies
Good HML's in ground up or rehab will provide a very easy/handy way to request and distribute draws using something like Built, which we use and it gives our borrowers and our team a single source of truth for all things draw-related.
Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 replies
Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.
Doug Wade
Best STR books to read!
30 December 2024 | 16 replies
His Facebook group is also a great source of info. https://buildstrwealth.com/
Bob Avery
Is SWR the MVP? Blow by blow of a REI newbie reading the STORE -> Best Sellers
20 December 2024 | 0 replies
Bogleheads was the source of most of my formative personal finance education (for ~14 years), and it’s relevant because the SWR discussions there are typically in the 2-4% range.
Shan Randall
New member - open to networking
12 December 2024 | 6 replies
My educational background is in science, but my personal background is rooted in the Midwest where I grew up on a farm and gained a skillset in everything mechanical.
Glenn McCrorey
I quit my job today
29 December 2024 | 253 replies
When you have no source of income, you need to be lean in terms of expenses because you don't know when the next paycheck is going to show up.