John Friendas
LLC Mortgage Under Partner Instead of Me
23 January 2025 | 23 replies
What I'm aiming for are turnkey rentals and trying to max out the amount of conventional, lower interest loans. again, the DTI income ratio will be IMPROVED if the property shows cash flow.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
I would negotiate a price point that is lower - maybe the 10-12% range above "market".
Zachary Kotiadis
*Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
If you do have to move because of a job, you would be safest (in my opinion, i am not giving legal advice or financial advice), i would sell that property to ensure that you did not just purchase with the goal of moving out early and taking advantage of lower rates and lower down payments for purchasing your home as a primary residence.
Danielle B.
Out-of-State - Ohio Section 8 Housing
29 January 2025 | 22 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Daniel Borgenicht
Investing in a condo as a long term rental
13 January 2025 | 3 replies
Just google the following: - special assessment - zombie condos - Florida condos (look for recent news)Since you are not living near the properties anyways, why not look in a landlord friendly state where the purchase prices are lower?
Pranav Patel
22 with ~$50K saved up, is it too soon to start?
16 January 2025 | 9 replies
With $50k, you likely have enough to get started, especially if you target lower-cost markets or use a strategy like house hacking.
Chanel Snerling
New Here Intro & Advice
24 January 2025 | 7 replies
I have been digesting all things Real Estate so right now I am working to lower my DTI while saving at least 6-7% for the Owner Occupant down payment (to include closing cost, etc.).
Anthony Freeman
Property Management software
17 January 2025 | 6 replies
These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).
Aristotle Kumpis
Is it possible to buy with no money out of pocket?
1 February 2025 | 16 replies
I paid about $1500 in closing costs between title, appraisal, etc, but the original loan was wiped out in favor of a new lower rate.
Celli Mowery
Who has interest in Kentucky?
10 January 2025 | 26 replies
There's usually a good reason why the entry points are lower.