Mike Sfera
First investment strategy
12 December 2024 | 6 replies
You just won’t have rent during the rehab period, you don’t need to deduct it from anything - just don’t plan on getting any.
Carter Mayberry
Refinancing my current FHA to Commercial Financing
13 December 2024 | 15 replies
@Carter MayberryRefinancing your FHA loan into a commercial loan and transferring the property to your LLC is a solid strategy, but here are a few points to keep in mind:FHA typically requires a one-year ownership seasoning period before refinancing is permitted.
David B.
“Live In” Flip Advice!!
14 January 2025 | 10 replies
So the fire victims will require housing in the rebuild period.
Scott Shumard
Anyone Worked with Investor's Edge? Looking for Honest Feedback
10 December 2024 | 2 replies
go to lots and lots of meetups.2. talk to those HMLs and find out what their terms are.3. save up enough so that you have a down payment, reserves, and also enough in cash for the hold period.
Austin Tess
New property questions!
7 December 2024 | 7 replies
Wisconsin Legal Blank Before the next rental period meaning i would request one sent by current seller via amendment
Teekap Pate
Tenant applicant - Prior eviction, decent HH income
13 December 2024 | 7 replies
Quote from @Teekap Pate: DENY.An eviction within the last five years is an automatic denial, period.
Ben Lindquist
Qualified Intermediaries - Any good or bad experiences?
17 December 2024 | 8 replies
Is it segregated (only my funds in the account)- do you have an attorney on staff that reviews exchange docs and keeps them current - what is the typical time for your staff to complete an exchange ( you want to get a feel for if they are understaffed and can they get the work done on your time frame)- how many exchanges do you do a month- what is your errors and omissions insurance through, can I get a copy- what is the amount of your fidelity bond - for each occurrence- what protections are in place to prevent wire fraud- will my funds be used by the company for outside investments (goes back to the type of account funds are held in)- who will be my contact during the exchange (goes to customer service, you want one contact who you can reach by telephone)Investors should keep in mind that it is their money they are placing with a QI to hold for a short period of time and be sure they feel comfortable with the company they choose to perform this role.
Chas Lumley
Umbrella Insurance policy.
9 December 2024 | 5 replies
We have owned 14 SF rentals and 4 apartment complexes totaling near 1,000 units, and over 17 year period we have been sued exactly once.We had a 350lb resident that missed the bottom step of the staircase, fell and hurt himself.
Kevin Oh
Shopping around for better rates
18 December 2024 | 12 replies
Over the 30 year period, I would about $10,000 dollars with the other lender if I do not buy down the rate.
Chris Olandese
Tenant threatened to move out
18 December 2024 | 13 replies
Great advice; with that said, the notice I gave her did allow for a 30 day period before a new lease would potentially take affect with a price increase.