Tim Grich
ISO: HELOC lender (calculating rental income for qualification)
22 May 2021 | 1 reply
The problem I'm running into is two-fold:1) Many banks still have a moratorium on these due to COVID2) Debt to Income qualificationOn #2, I bought a triplex last September, one unit was delivered vacant, I spent a couple months renovating it, then filled it a couple months ago.
Tim Grich
ISO: HELOC lender (calculating rental income for qualification)
24 May 2021 | 1 reply
The problem I'm running into is two-fold:1) Many banks still have a moratorium on these due to COVID2) Debt to Income qualification due to unique rental income situationOn #2, I bought a triplex last September, one unit was delivered vacant, I spent a couple months renovating it, then filled it a couple months ago.
Jeffrey McKee
Tenant filing suit for security deposit from a year ago :/
27 May 2021 | 28 replies
You aren’t entitled to it unless it is under very specific circumstances which are outlined in each states books.Thinking like this can guide you in your “hold em or fold em” decision
Jason Josey
Refinancing from an LLC I own
25 May 2021 | 2 replies
The purpose of transferring it to our personal name was two-fold; 1) to get a better LTV & 2) to get a better interest rate.
Ryan Moyer
Heads in bed versus dining space
3 June 2021 | 7 replies
Can you get folding tables to add to more seating or is the kitchen not big enough?
Nathan Williams
seller lease backs in a hot market
6 July 2021 | 3 replies
@Nathan Williams this market has brought the seller into the fold as calling all the shots not just a couple of them (i.e. no closing cost coverage), and this means they can and will ask for rent back due to them not being able to find a move-up or move-down property as quickly as their home sales.
Clint Harris
Short Term Rental journey update
11 February 2022 | 18 replies
We control 12-14k lbs of linens a month right now, so I’m thinking that we can more than pay for a laundromat just paying $1 a lb for wash and fold, and then any business walking in the front door of the brick and mortar location is just additional revenue.
Noopur Bak
Investing in a coin or card operated laundry
23 August 2021 | 23 replies
Other people go a totally different direction and add wash and fold and more intensive services to boost income.
Aakash Patel
Down payment assistence
26 August 2021 | 4 replies
Hi @Aakash Patel, have you asked your lender if they can fold the closing costs into the financing?
Heath Shepard
What would you do with 11 acres
12 September 2021 | 7 replies
Organic farm/hire the laborHand picked cotton farm/hire the laborIf it's fenced, graze others cows and horses for a fee.Bring in some old "Stuff" to hide behind, and make it a paintball war park.Turn it into a vehicle wrecking/recycling yard.Set up hay bales and make it into an archery park, charge admission.Invest in some folding tables, chairs and tents and advertise it for quinceañera parties and wedding receptions.