Carter Mayberry
Refinancing my current FHA to Commercial Financing
13 December 2024 | 15 replies
@Carter MayberryRefinancing your FHA loan into a commercial loan and transferring the property to your LLC is a solid strategy, but here are a few points to keep in mind:FHA typically requires a one-year ownership seasoning period before refinancing is permitted.
Hector Espinosa
Seller Financing Advantages and Disadvantages
10 December 2024 | 5 replies
* House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?
Alex Hall
Subto FHA problem
20 January 2025 | 57 replies
To the most part those that do Sub2 and have done them over a longer period of time Do not come on Bigger Pockets bragging about it.
Kyle Jacques
What is the best software for managing STR?
7 December 2024 | 15 replies
Hospitable is absolutely what you should try, they have been offering a 14 day free trial to BP members I believe.
Karin L Mahmoodi
Early Termination (abandonment) of Apartment Prior to End of Lease in Duluth, GA
11 December 2024 | 5 replies
It seems to me that she did but I wouldn't take the risk without talking to an attorney.The guidebook also says your lease should state notice periods for you to enter the property.
Mike Sfera
First investment strategy
12 December 2024 | 6 replies
You just won’t have rent during the rehab period, you don’t need to deduct it from anything - just don’t plan on getting any.
Richard Gann
3 Factors to Consider in Exchanging Your Oregon Rental Property
16 December 2024 | 1 reply
Tenants in arrears due to “loss of income related to COVID-19” have a six-month grace period—without late fees!
Teekap Pate
Tenant applicant - Prior eviction, decent HH income
13 December 2024 | 7 replies
Quote from @Teekap Pate: DENY.An eviction within the last five years is an automatic denial, period.
Birinder Singh
Advice on barment / foreclosure process
10 December 2024 | 1 reply
Hello good people,I invested in a tax deed last year (in Fulton County, GA) and it has now crossed the one year redemption period without being redeemed.
Christian Pichardo
New Investor in TROUBLE - Carrying costs since April 2024
27 December 2024 | 34 replies
You should be easily able to wait out this slow rental period.- i question your underwriting and ability to make money on a $79k purchase with $12k rehab.