David Cherkowsky
Loan Option Advice for House Hack in Alexandria VA
5 January 2025 | 17 replies
I was told that I have to use the lease value * 0.75 until there are two years of rental income.
Jacqueline Wright
Ready to Dive into My First REI Purchase—Auction Property with Hard Money or DSCR? An
23 January 2025 | 3 replies
The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?
Panos Coufos
HELOC to Fund Downpayment on Next House Hack?
23 January 2025 | 1 reply
Is this a wise decision to use a HELOC on property number one that only has 20 to 25% equity in it to fund a down payment for a live in house hack in multifamily property number two?
Carlos Lez
Tenant's cosigner asking to break lease due to medical reasons
14 January 2025 | 9 replies
1) Yiu REALLY need to know what CA will allow you to do, I don’t know, but the state may say too bad landlord, you lose. 2) Assuming your attorney (Or you if you’re able to decode the laws that relate to your situation and are willing to go to court in front of a judge against a “sick” kid.) think you have the right to collect the rent I’d give them two options.
Alex Fenske
I bought a neighborhood strip center and brought no money to the closing
20 January 2025 | 3 replies
He had already been working with another agent for some time, but he was willing to give me a shot.Over the next few months I earned the spot as his go-to agent, selling him one or two homes a month and helping him find tenants after the renovations were complete.
Don Konipol
A Tax Lien Warning Story
21 January 2025 | 6 replies
The seller has the two lots legally separated, but due to deed restriction imposed by the subdivision development, found that building a house on the “tennis court” lot was not allowable.
Cody Caswell
2025 Design Trends to Use on Your Flips
22 January 2025 | 2 replies
White Oak color and Walnut color are the two main ones you want to focus on, depending on the rest of the design in the house!
Jeffrey Hayes
Help! Seeking Advice on Determining Monthly Rental Rate for SFH Lease
20 January 2025 | 8 replies
I chose to divide the two floors and put a locking door between the two at the stairwell.
Tod DuBois
Many leads but not bookings on Furnished Finder - to to resolve
14 January 2025 | 19 replies
Quote from @Tod DuBois: Another Furnished Finder POT cancelled on me after I went out of my way and paid to review them on Key Check and signed up for Key Check contracts, made two contracts, allowed a pet and still, two days before the check-in, they did not sign.
Ben Fernandez
Looking for a fix and flip mentor!
24 January 2025 | 20 replies
My goal for this year is to find the best strategy to flip one house (possibly two), the business startup from the ground up, finding lenders and partners, and become well versed in this business.