Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
It might be that this couple that owns the house is just getting their feet wet with having someone else managing the property and they want to get comfortable with your management style as being what they want.
Tyler Condon
Buying a rental property in Kingman Arizona
13 January 2025 | 5 replies
Maybe his investing style is just way more passive?
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Arron Paulino
Update on Out-of-State Properties For Sale
5 January 2025 | 1 reply
I know in Philadelphia if I had a 2 BR house it would be viewed favorably by tenants who are seeking 2 BR living situations because most inventory will be apartment style living and for this reason would achieve a rent premium.
Preethi S.
Difficult Property Management company
3 January 2025 | 8 replies
They will investigate and see if any rules were violated.
Jonathan Greene
How to Diversify Your House Hack to Recoup More Cash Flow
30 December 2024 | 4 replies
I work with a lot of MTR investors and what I am seeing frequently with multifamily acquisitions, particularly with new investors, is that they often test the property just like you're mentioning, as a way to dip their toes in the water and see what works in their area and for their personal style.
Nithin Kumar
Nextgen Properties in Maricopa county
11 January 2025 | 10 replies
Kind of reminds me of the old ranch style, with a bit more privacy and access.
Ugo O.
Calculating ARV and the 70% rule
12 December 2024 | 7 replies
We've ingored "the 70% rule" from day one (over 15 years now).
Felicia Smith
Wholesaling and Private Money Lending
26 December 2024 | 3 replies
With a teaching and leadership backgroud, I have an interest to help others write their programs or review their presentations to address every learning style.
Jacob Kurian
Newbie FHA Loan
16 December 2024 | 5 replies
However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.