John Winters
Is This Plan Financially Feasible? Northeast Multi-Family, then Move South?
29 January 2025 | 5 replies
THEN, I plan to purchase the second home using a FHA or conventional loan (3%-5% down), for which I will likely pay the monthly cost out-of-pocket, maybe with some rental income support if it is a duplex.My concern is, I do not want to spend my savings or weigh down my debt-to-income ratio so much so that I cannot qualify for and pay the down payment and closing for the lending on the second home.Questions: - With the first home being multi-family, 75% of the rental income (or potential rental income initially) will relatively either maintain or boost my debt-to-income ratio from lenders' perspectives, right?
Account Closed
Property managers allowed unsupervised showings, resulting in theft
17 January 2025 | 5 replies
I am wondering if anyone has ever taken legal action against property managers, and if they think we have a potential case?
Andres Canas
18 year old ready to learn
27 January 2025 | 2 replies
And since you are licensed, you can potentially do some sales on the side to increase income and save up for investing.
Nate McCarthy
How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This is a creative scenario with some real potential.
Matt Tortora
What are some good multi-family markets in Georgia and the Carolinas?
29 January 2025 | 7 replies
The city offers a mix of high appreciation potential in certain areas and solid cash flow in others.
Ben Hedvat
Single-family residence fix & flip Hamptons NY
16 January 2025 | 0 replies
., known for its upscale appeal and strong demand for vacation homes.Properties in the Hamptons attract affluent buyers and renters, offering a high potential for appreciation and steady rental income.he property may have been undervalued due to its condition, presenting an opportunity to add value through targeted renovations.
Jonathan Small
DIY or hire help for taxes?
23 January 2025 | 7 replies
The remaining potential issue is their rental properties.
Amanda Dobbs
Where to find Investors
28 January 2025 | 3 replies
In-person interactions are great for building trust with potential investors.Real Estate Platforms:BiggerPockets: A robust platform for connecting with private lenders and investors.Fund That Flip, PeerStreet, Groundfloor: Online platforms connecting investors with real estate projects.Social Media Groups: Facebook and LinkedIn groups dedicated to real estate investing often have private investors or lenders looking to connect.Personal Network: Often overlooked, but friends, family, and colleagues may know individuals interested in investing.Private Money Brokers: If you're working on wholesaling deals, you may find brokers who have established relationships with private money lenders.Real Estate Agents: Some agents have connections with private investors, especially those focused on investment properties.For your 50% LTV, it's good to approach investors who may be interested in lower-risk, high-equity deals.
Thoby DLuna
Fresh graduate, just got my NV license
19 January 2025 | 1 reply
Do you guys have any advice on how can I get started in my real estate journey as an agent and potentially an investor??