Allen L.
I need loan options for primary residence
16 December 2024 | 19 replies
So if a 100% cash transaction doesn't make sense just have the partner who is easier to underwrite get the conventional loan.
Kwok Wong
What to do when no sold comps?
1 December 2024 | 9 replies
However, all the sold comps are crossed out after following a three-tiered system to determine the ARV:T1: Stay within one-miles radius, sold for fewer than six-months.T2: Size of the properties are within 200 sqft., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.
Val Berechet
Is it still a good idea to invest in Tulum, Mexico?
11 December 2024 | 101 replies
I still believe that if you are not either from Mexico, or at least a Spanish speaker - you should leave investing south of the border alone.
Kevin Prasad
Seller Financing: need advice on how to pitch
9 December 2024 | 5 replies
Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.
Dan Zambrano
My Journey to $20M in assets
7 December 2024 | 60 replies
who knows, might be putting in an offer on a lot this month fingers crossed.
Raj Kumar
Seeking advise - Title company
3 December 2024 | 1 reply
Recently, a real estate friend suggested I consider starting a title company, as he and his partners (primarily in commercial real estate, like strip malls) could bring business my way.While I’ve worked with title companies in my transactions, I’ve never explored the inner workings of how they operate.
Rene Hosman
How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
Then coding the p&l can happen. without the Balance Sheet, I don't know if I am missing transactions.
Melissa Odom
DCSR, LLC, and Trusts
3 December 2024 | 15 replies
Melissa, not trying to hijack the post, but I am curious about cross collateral, as I own a 5 unit with a lot of equity and would like to buy using same bank, using the equity as a form of down payment and the new property income to justify a higher tha 75% loan.
Brandon Eike
Looking to get starting with rental property investing
7 December 2024 | 13 replies
@Brandon Eike, on an investment property, most lenders will max out their loan at 75% LTV, which doesn't cover transaction costs, which are usually 5%-8% of the purchase price.
Jay Sheth
Anybody worked with zeker management
11 December 2024 | 37 replies
I'm just being extra careful (as I should) with the local team handling the transactions.