Account Closed
Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
Now a-lot of times you buy a home from someone with seller financing and they hold the note for 6 months to season it and then sell the note to another investor or a firm and then it will most likely show up on your credit because these are more sophisticated investors.In regards to the benefits of owner financing you won't have to pay closing costs to a bank.
Nadine Wallace
Advice on temporary security cameras during rent-ready repairs on long-term rentals
16 January 2025 | 7 replies
With one property, a hotel that doubled as a homeless shelter one neighborhood over shut down and has caused problems for the surrounding areas.
Jeev Trika
Ronan McMahon AND RETA Investment Deals (Have I Been Scammed)?
6 January 2025 | 0 replies
Low and behold they just shut down my membership.
Chris Burton
FTHB - Buy & Hold
7 January 2025 | 0 replies
I got tired of paying to live in other people’s homes.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Chris Burton
FTHB - Buy & Hold
7 January 2025 | 1 reply
I got tired of paying to live in other people’s homes.
Chrissy Smyth
Rental in depresses area and minimum requirements
8 January 2025 | 3 replies
I would not accept less than GROSS monthly income 3x rent because realistically they are not likely to keep up with paying rent.
Ricardo Polanco
NYC Short Term Rental legal advise
15 January 2025 | 9 replies
XD It is pretty much shut down once the city knocks on your door.
Stephon Broughton
Atlanta Meetup and Networking
17 January 2025 | 3 replies
HI Stephon, Just now seeing this post and if you were down here you know that the city was shut down with the first 5+ inch snowfall in a decade haha.
Salvatore Ross
Ideal Property to Manage
23 January 2025 | 6 replies
I echo what Allen saidI used to have a cohosting business but have shut it down because I wasn't focused on the right property AND the right client.