Lewis Finney
Initial primary residence, then long-term rental...maybe?
14 March 2024 | 18 replies
Yield, or the amount of cash an investment throws off, corresponds to the risk of the investment vehicle.A US Treasury bill is incredibly low risk, so it has low yields say 4% currently.
Nimit A.
Rehabbing a damaged property
13 March 2024 | 15 replies
Follow your attorney's advice on any correspondence with the PM company going forward.Sorry for your problems, good luck!
Andy Oshodi
House Hacking in state or Section 8 out of state?
12 March 2024 | 7 replies
@Andy OshodiRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.
Alex Clark
looking to invest out of state, I keep going back and forth with a bunch of states
12 March 2024 | 24 replies
@Alex ClarkRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.
Alex Clark
Does anyone invest out of state? Need someone I can talk to on the process of it.
11 March 2024 | 15 replies
Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.
Michael Nelson
Are there any cash out refi options at 80/20 LTV?
11 March 2024 | 25 replies
It's not 2021 any more, at this point most things you can make up out of thin air, some lender will do.The question is if you want to pay the corresponding rates and fees....
Maryam Mostafa
If you have 100k of cash in the bank, how would YOU utilize it??
11 March 2024 | 13 replies
@Maryam Mostafa chasing a 12% Cap will require:1) High risk properties Class C or D2) Getting lucky and getting the property under market value3) Doing a LOT of hard work to find an owner willing to sell under market value4) Doing the above to find and reposition a poorly managed propertyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.
Kim Porciuncula
Australian investor looking into Detroit, Michigan
11 March 2024 | 19 replies
@Kim Porciuncula we manage almost 700 doors, around 100 of them S8 and have clients from 11 different countries.You'll probably also need assistance with setting up an ITIN, Michigan LLC, corresponding EIN and opening a USA bank account - we have a tax attorney that can handle all that.PM us for additional assistance.
Logan McGregor
Convoy Home Loans
8 March 2024 | 1 reply
haven't actually borrowed from them yet but they have great reviews and are very responsive in correspondence
Cristiano Bell
HELOC - NYC - 2nd lien - high DTI due to real estate income/debt deflated
7 March 2024 | 2 replies
I have a salary and a good amount of real estate income.So far I encountered issues as my real estate NET income looks like $0 because of depreciation, and so the DTI looks inflated since I have the corresponding real estate debt.I am looking for 300k HELOC on $1.2M property with $660k mortgage at 3%.