Karina Busch
How to get fixed rate loans on investment properties?!
2 December 2024 | 21 replies
Everything has been cash so far but I have contacted several local banks and all of them have said about 1-2%+ above regular mortgage rates, 3-5y ARM with 15-25y term, and 20-30% down.
Christine Aledam
Time to find a new Accountant?
3 December 2024 | 21 replies
I will also be tracking expenses related to repairs, maintenance, travel to and from NV, hotel stays, meals, gas, and other regular business costs.In the long term, I aim to purchase additional properties under the business name, but I understand I need to establish at least two years of income and credit history before doing so.The issue I’m encountering is that my accountant has not provided any guidance on how to structure this scenario.
Matt Wan
Does paying off a mortgage early affect future loans?
2 December 2024 | 6 replies
The vast majority of "regular" or traditional (Conv/Govt) mortgages are originated by specialty lenders and brokers and are sold in the secondary market to provide yield on bank balance sheets (think Chase or BoA) or to be securitized into MBS.
Justin Kennedy
Anyone heard of 51 west Properties based out of Miami?
5 December 2024 | 25 replies
The wire instructions I received were also different from the entity listed on the contract, but in my case, they explained that the funds needed to be sent directly to the contractors handling the rehab, which aligned with the project’s structure.I proceeded, and everything went smoothly, with clear communication and regular updates throughout the process.
Val Berechet
Is it still a good idea to invest in Tulum, Mexico?
11 December 2024 | 101 replies
I regularly go to Mexico so I know first hand what's going on there.
Francisco Pineiro
Contractor Payout Out of State
3 December 2024 | 6 replies
Never pay for work that hasn’t been done.3.Verify Work Regularly: Have an objective third party inspect the quality of the work weekly and provide updates.
Mitch Davidson
Anyone experienced with renting to FEMA?
3 December 2024 | 3 replies
They're spending tax-payer money, so they'll cut a check without batting an eye.Document condition before and after with photos, inspect regularly, and you should be fine.
Jerry Shen
Buying RE with Bitcoin
9 December 2024 | 166 replies
Money laundering happens, cash or coins and yes much more(99.5%) is done in regular cash seeing that these coins represent .05% of currency.
JD Martin
Do you have inspection & hoarding clauses in your leases?
2 December 2024 | 7 replies
Items cannot be stacked against wall prohibiting natural air flow to guard against mold, etc ??