Virginia VanOeveren
As a PML, you should....
19 December 2024 | 9 replies
Ensure compliance with local laws, start with smaller loans to gain experience, monitor your investments regularly, and trust your instincts as you navigate this venture.I myself, as a PML.
Jevani P. Barron
Wholesaling Advice Needed: Navigating Buyer Recommendations
21 December 2024 | 6 replies
While the offer sounds tempting, I want to ensure I capitalize on these contracts fairly and effectively.Here are my main questions:Should I entertain the idea of terminating my current contracts, or is it better to stick to my original wholesale plan?
Jeff Shaver
Need Advice on how to best use my equity.
23 December 2024 | 15 replies
But after an exchange - sign the purchase documents with one pen and pick up another pen to sign the refi docs :)Another strategy you could consider is reinvesting into multiple properties, where you purchase the first property cash (ensures some security and concentrates the equity) and the second property with a mortgage.
Peter W.
Housing Hacking with Second Home Mortgages
20 December 2024 | 5 replies
Start small with one property, choose a strategic location, stay transparent with lenders, and ensure tax compliance.
Steven M.
Question about taking out home equidy loan to lend to my LLC for investment property.
13 December 2024 | 5 replies
Since the loan isn't directly tied to the property, I want to ensure I am shielded from that risk.
Brendon Wise
Section 8 Late Fees
25 December 2024 | 3 replies
Connect with the case worker for that tenant ensure you get a courtesy copy of notices they receive from S8 so you're in the loop about recertification dates, etc.Confirm the information above w/ your State S8 office but I can't imagine they won't allow you to charge late fees.
Anjali L.
SSN for tenant
21 December 2024 | 5 replies
Additionally, ensure that all necessary notices for filing an eviction have been posted and properly documented in your records.
Jefferey Eutsay
32 unit multi
24 December 2024 | 9 replies
Ensure the rents and expenses support the debt service and provide solid cash flow after covering the assumable loan, seller carry payments, and operating costs.Occupancy & Rent Roll: What’s the current occupancy rate?
Elliot Tan
Can you assume a VA loan with an entity?
13 December 2024 | 2 replies
Assumption by an EntityUnfortunately, assuming a VA loan directly through a legal entity (such as an LLC, corporation, or trust) is typically not allowed because:Primary Residence Requirement: VA loans are designed for owner-occupied properties, meaning the assuming borrower must intend to live in the property as their primary residence.Credit Review: The VA and lender require the assuming party to undergo a personal credit and income review to ensure repayment ability, which entities cannot satisfy.3.
Everett McCurdy
Innovative RE Investment Strategy
22 December 2024 | 2 replies
Long term financing ensures solid, residual net-profit income without being a landlord How did you find this deal and how did you negotiate it?