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21 January 2025 | 2 replies
Picking up flexible part-time jobs to qualify for a mortgage is definitely a smart move, as conventional lenders typically look for consistent W2 income.
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2 February 2025 | 13 replies
You typically want the LLC where you'll be operating.
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27 January 2025 | 6 replies
The $380K insurance payout is typically not taxable if used to restore the property.
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22 January 2025 | 0 replies
Here’s how to find a broker you can trust:Ask for Referrals: Reach out to fellow investors or real estate agents for recommendations.Check Credentials: Look for brokers who are licensed and members of professional organizations, such as the National Association of Mortgage Brokers (NAMB).Review Their Track Record: Ask about their experience with real estate investment loans and request client testimonials.Interview Multiple Brokers: Prepare questions about their lender network, fees, and typical loan turnaround times.Evaluate Their Communication: Choose someone who listens to your needs and provides clear, honest advice.4.
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28 January 2025 | 6 replies
Typically, the investors I work with purchase properties in their personal names and then quit-claim the title into their LLC after the deed has been recorded.Markets like OKC, Memphis, and Little Rock offer some excellent, affordable growth opportunities, and I’d be happy to chat with you to explore these options further.
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21 January 2025 | 20 replies
Example: $500k home sales price, typical buyer agent commission of 2.5%, meaning buyer agent commission is $12,500.
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21 January 2025 | 10 replies
Typically, it’s reasonable to deduct for things like deep cleaning if the place was left pretty dirty.
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29 January 2025 | 19 replies
I am not a lender, I'm an investor that typically buys major city-center multifamily.
29 January 2025 | 20 replies
That will typically generate a response from the PM to negotiate a settlement and avoid an investigation.
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23 January 2025 | 1 reply
I wouldn't think it would take a private lender (which is much higher priced) than a typical mortgage broker's rates.Is there a reason you think you need a private lender?