Andrew Pierce
Doctors Loan/Conventional Loan = You Must Occupy the Property forever?!?
8 December 2024 | 10 replies
This is part of my loan process - a discovery and strategy session with the client to understand their scenario, future plans, and overall situation so I can structure the loan to fit into it.
Ahmed Moustafa
Seeking Advice on PMI Removal for Fannie Mae HomeStyle Renovation Loan
5 December 2024 | 5 replies
I’d love to get feedback from anyone who has been through a similar process, as I’ve received some conflicting information.Here’s the situation:- My lender mentioned that even though my loan-to-value (LTV) ratio is below 80% due to the renovations (currently at 73%), I can’t request PMI termination based on the property improvements alone, since the renovations were part of the initial HomeStyle loan.
Ugo O.
Calculating ARV and the 70% rule
12 December 2024 | 7 replies
I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.
Marcus Welson
1031 exchange identification deadline extension
9 December 2024 | 2 replies
Proc. 2004-51, qualified indicia of ownership were transferred to the the earlier of a total of 180 – days or the date upon which the exchanger has to file its tax return for the year in which the exchange was initiated, to complete the purchase of the replacement properties."
Don Konipol
Where Will the OPPORTUNITIES be in Note Investing in the Next Few Years?
7 December 2024 | 1 reply
But, that aside, I’d like to initiate a discussion of where note investors feel the opportunities will lie moving forward.I’ll go first.
Rick Soto
Conventional with seller paid CC and a 3-2-1 buy down or FHA with a 3.5% down
6 December 2024 | 4 replies
If you value short-term savings and a lower initial payment, Option 1 works well.
Nick S.
Airbnb/str management advice
16 December 2024 | 21 replies
Just by getting initial quotes via turno, the cost to clean is more than how much it’d cost to rent the property for a day.
Justin Brin
What do you think of Tulsa, OK?
10 December 2024 | 16 replies
The city's economic development initiatives have been attracting businesses and professionals, creating opportunities for real estate investment.
Shawn Parsh
Social Media Marketing Advice
9 December 2024 | 12 replies
It’s been a practical way to give my content the initial push it needed.
Hussain Harun
Switching FROM Quickbooks to other accounting sofwares (Xero, Freshbooks)
15 December 2024 | 25 replies
The main reason is that it is not initially set up for a Real Estate business like other “real estate-specific” accounting software.