Vanessa Lozano
New Member from San Antonio, Texas - Looking to start my real estate journey
21 January 2025 | 16 replies
Here is the link to the calendar for you to get an idea: https://www.alamoreia.org/Calendar.aspxThere is an annual fee to become a member of a REIA, but you don’t need to be a member to attend certain events.
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?
Pankaj Malik
Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
The right attorney on their side can put you in a position with legal fees and everything else until you are just forced to settle.
Waruna Yapa
Who has the best rates and how to shop for them?
8 January 2025 | 14 replies
That being said, there's more to the equation than just rate and fees.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
31 January 2025 | 120 replies
These folks wont tell you not to pay them massive fees!
Christina Hall
Best skip tracing website?
29 January 2025 | 40 replies
They also have a pay-as-you-go setup, so you’re not stuck in a subscription—just a simple, practical option for better skip tracing.If you haven't already I would consider giving Prime Tracers a shot.
Malcolm Brown
Newbie to Real Estate Investing - Any Tips...
29 January 2025 | 24 replies
You'll also need to show stable income for the past two years through W-2s or tax returns.Talk to 3-5 lenders to compare their rates, fees, and terms.
Jamie Parker
Vacant Lot Purchase
8 January 2025 | 7 replies
.)- All in Cost = Cost to build * Square foot - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost accounts for agent fees and closing cost- Initial List Price = Sales price + 10% A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.
Ryan Dubendorfer
tenant request for lease addendum
3 January 2025 | 4 replies
I am considering doing this but should I charge a fee to write up and get the lease addendum signed?
Paul Lucenti
Maximizing monthly cash flow per unit
28 January 2025 | 27 replies
Never heard of a voucher tenant being responsible for maintenance and repairs, rental licensing fees, lead testing upkeep, cap ex, reserves, book keeping and tax prep......and even if you self manage, it takes up your time and should be treated as an expense because its taking away from your ability to earn income elsewhere.