Mitchell Coles
Boosting Cash Flow with ADU Potential in Morganton, NC
7 November 2024 | 0 replies
I discovered this deal through my network of local real estate contacts who informed me about properties with development potential in Morganton, NC.
Marjorie Patton
RE Investor DTI ruining ability to get/use credit
7 November 2024 | 12 replies
I've never done this when applying for a new card BUT I've found this department to be generally helpful and you may be able to say - Hey Amex, I qualify for this offer for a new card with Discover, I'm a loyal Amex card holder, is there any kind of retention offer you can make me that would come close to this Discover offer.
Arron Paulino
How do Subject To Offers work for the seller? Won't the loan be called due?
7 November 2024 | 21 replies
This may actually be the best method to prevent the sale from being discovered, but of course there are other potential pitfalls.Under federal law a transfer to a trust where the grantor retains the beneficial interest WOULD be exempt from the DOS... but notice how in the context outlined above the exemption would disappear.
Bryn Chatterton
New to Rental Property Investing
8 November 2024 | 3 replies
Bouncing payments or only being an illness or accident away from notbeing able to pay the rent, are issues considered by our underwriting.Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter ofexplanation (LOX).
Jenny Kang
I will manage my property by my self and will fire the property manager.
7 November 2024 | 12 replies
However, I recently discovered that I'm missing about one-third of the rental income, and no explanation was provided. ( Actually, I just checked my account to get money: 10/2 $500, 10/17$700, 10/28$500).Originally, I understood that the management fee would be 10% of the rental income.
H. Jack Miller
Beware of Appraisals: I would not at face value, some of them are a joke.
4 November 2024 | 33 replies
This tends to eliminate appraiser incompetence and requires adherence to guidelines set by the Appraisal Institute.
Anne Christensen
Investing in Pittsburgh?
8 November 2024 | 18 replies
Big enough that you aren't competing with newer investors/house hackers but small enough that you aren't competing with institutional money.
Farod Jackson
Excited to Learn, Grow, and Connect on This Journey!
4 November 2024 | 1 reply
I’m here to learn, grow, and connect with like-minded individuals who can help guide me along the way.I’ve been fortunate to build great networks so far, but I know there’s so much more to discover in the beautiful world of real estate.
David Cheng
What do you qualify as a proof of funds?
4 November 2024 | 34 replies
It also weeds out the idiots and non-serious participants, as @David Cheng discovered above.
Harrison Pruett
Newbie Here! | Tips, Tricks, & Advice Appreciated!
14 November 2024 | 25 replies
I just started getting into this space and I've been trying to discover the best way to find sellers who are motivated.