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29 January 2025 | 10 replies
There are quite a number of things that can make utilizing an FHA loan more difficult such as more barriers during appraisal, appearance of low qualification/little cash, typically longer closing period, likely higher interest rate, and PMI cannot be dropped without a refinance if 3.5% down.That said, just chain 5% down conventional loans, and make sure your duplexes pay for themselves.
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4 February 2025 | 31 replies
G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success
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1 February 2025 | 56 replies
Utilizing a wrap he has a mortgage note as an asset to offset the mortgage he’s still responsible for on the property.
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17 January 2025 | 8 replies
Documenting your journey online or engaging on LinkedIn can also help expand your network.
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9 January 2025 | 16 replies
I can provide him with an online log in so he can review the books from his office.
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4 February 2025 | 24 replies
Build to rent is a great strategy if you are able to utilize some competitive advantages in your market.
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10 January 2025 | 9 replies
There are two main ways to utilize this exemption.
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23 January 2025 | 165 replies
The amount of ideologically inspired nonsense online is mind-boggling.
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8 January 2025 | 7 replies
The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some adviceHard to give advice with limited information, but as a general rule, the longer you wait and the further down the line their project is the more valuable your property will be to them.Zillow (and all automatic online) estimates are very unreliable, so don't base on that.
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1 January 2025 | 32 replies
I utilize a PO Box as well.It wouldn't be hard for our tenants to find out where we live (tax assessor's online tool) ~ But for $50/yearly ... it gives me a bit more piece of mind :)