25 November 2024 | 14 replies
You would be surprised how cheap a HELOC payment is when it's interest only.Put in some LVP flooring.
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20 November 2024 | 2 replies
Nashville Yards is set to open in the Spring and the new Pinnacle tower is gaining office tenants like crazy - much to my surprise.
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22 November 2024 | 13 replies
And like you note, if there is a lot of generic office space available in a market, it becomes a race to the bottom on rents, as well.While you can be close to bedroom communities, most offices also want convenience to amenities.
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20 November 2024 | 11 replies
I leave virtual staging out of these photos if vacant, so there are no big surprises when people come to see the house, and it's empty.
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19 November 2024 | 1 reply
Be upfront with tenants about lease terms to avoid surprises, and those summer STR rates?
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24 November 2024 | 19 replies
Not surprisingly, I've been underwhelmed.Would LOVE to connect and share Central Maine investing.
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21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.
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18 November 2024 | 14 replies
FYI to anyone looking for me to “share my list” — I don’t understand why (and am surprised), but I have NOT received any feedback directly from actual property owner-investors.
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25 November 2024 | 19 replies
The person hired a company to clean up my 3rd house and gave me a surprise of 400 USD bill for the cleaning when it should be at maximum 150/200.
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18 November 2024 | 13 replies
They did not catch the fake ID they got from a potential tenant until after the owners got a shocking surprise when they came to see why the property wasn't renting.