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5 October 2024 | 14 replies
As others have mentioned you start on Form 4562, but in my opinion you should have a simple google sheet or excel to track all of this for your properties.
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5 October 2024 | 17 replies
They might be great, but we were only 9 minutes in before the conversations turned to "what credit card are you going to use."
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4 October 2024 | 4 replies
Not a collection agency, but have you considered using a rent reporting company to report the debt directly onto their credit reports with the Credit Bureaus?
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10 October 2024 | 31 replies
By negotiating 3% seller-paid buyer credits, you could find a loan that requires little money out of pocket.
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30 September 2024 | 1 reply
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $150,000
Cash invested: $150,000
Sale price: $187,500
Flipped approximately 550 homes over this time period wit...
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4 October 2024 | 9 replies
Let me ask you this: is it fair to require a natural-born US citizen to submit to a credit/criminal background check, but then waive that requirement for someone in the country illegally?
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4 October 2024 | 27 replies
Their books and podcasts are loaded with great material.House hacking can be beneficial for soooo many reasons as many in here would chime in with.If you're already looking to connect with a rockstar agent and loan officer/lender, then you're going to be on the right track.
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3 October 2024 | 8 replies
@Andrew Syrios I will try and track down the source, but I read somewhere that the money has been spent and it will not be refunded by the county and they’re unsure how they will remedy it for owners, but I don’t expect any money back 
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7 October 2024 | 35 replies
In the end I dont know who is really dealing with my property for me to talk to.Looking at the experiences from initial couple of weeks, I grew suspicious about the quality of the company I am dealing with, so I read about various reviews I found online about this company and I can confirm many of the bad reviews I read online.After several weeks of scheduled and cancelled showings, last week they came up with a group applicant with low credit score ~600 saying they check out fine with their system and hence we should rent it to them.
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2 October 2024 | 11 replies
Heres the numbers: Borrower(s)Subject PropertyRate Not Locked 9/30/2024 Sales PriceDown PaymentLoan Amount30 Year FixedContract DepositSeller ConcessionNMLS# $670,000.00$167,500.00$502,500.007.000% $0.00$0.00 Bank Origination Charges Estimated Title / County / State ChargesOrigination Points % $ - Owner's Title Insurance $ 4,415.00Discount Points % 1.500% $ 7,537.50 Lender's Title Insurance $ - Underwriting Fee Title Search $ - Appraisal Fee $ 650.00 Title Services $ - Credit Report Services (1) $ 299.00 Alta 8.1 $ - MERS Fee $ 25.00 Recording & Transfer $ - Flood Certification $ 8.00 Notary $ - Tax Service $ 85.00 Settement Fee $ - VOE Fee $ 150.00 Total $ 4,415.00 Total $ 8,254.50 Prepaid Interest / Items Potential Additional CostsPer Diem Interest 15 Days $ 1,465.63 Rental 1007 $ 250.00Home Insurance $ 1,800.00 New Survey (if applicable) $ -Flood Insurance $ - 2nd Appraisal / Reinspection $ - Total $ 3,265.63 Total $ 250.00 Escrow and/or Property Taxes Due Total Estimated Monthly PaymentsTotal Insurance(s) 3 Months $ 450.00 Principle and Interest $ 3,343.15Property Taxes 4 Months $ 2,868.64 Total Property Taxes $ 717.16Total $ 3,318.64 Total Insurance(s) $ 150.00 HOA / Maintenance $ - Monthly PMI $ - Total $ 4,210.31Total Estimated CostsEstimated Closing Costs $ 12,919.50 Estimated Escrow Prepaids $ 6,584.27 Estimated Funds To Closing $ 187,003.77