Joseph Scorese
Exploring Economic Trends in your Immediate Real Estate Market Strategy
8 October 2024 | 0 replies
Buy: As housing affordability worsens in many markets, more people opt to rent for longer periods, which creates an opportunity for mid-term rental investments.Target Demographic: Affordable housing shortages often push middle-income earners toward rentals, making this group a prime target for mid-term strategies.
Jason Smith
Help! My Rentals are keeping me from getting a personal home loan
13 October 2024 | 23 replies
Only nonrecourse loans will not affect your personal DTI - if you personally guarantee the debt, you're going to take the DTI hit for it unless you can qualify for it to be excluded.Find a local lender who is skilled in working with self-employed and investor clients and talk through your situation with them.
Noah Bacon
How will the Port Strike impact the US economy?
7 October 2024 | 3 replies
The ILA is North America’s largest longshoremen’s union, with roughly 50,000 of its 85,000 members making good on the threat to strike at 14 major ports subject to a just-expired master contract with the United States Maritime Alliance, or USMX, and picketing workers beginning to appear at ports.I have been reading that if the strike drags on, we can expect some shortages on perishable items that the US imports.One of those is bananas; the US imports 100% of its supply.
Ben Burgess
Getting on the path!
8 October 2024 | 13 replies
Some of the best skills I've learned are basic real estate math and finance —being able to analyze potential deals to see if they are feasible and can generate good profit or cash flow.
Chris Burke
Convert Primary Mortgage to DSCR on rental property?
8 October 2024 | 7 replies
You're likely to have a massive escrow shortage if you escrow taxes and insurance.
Steve Dora
1st Purchase utilizing HELOC...what are my options?
8 October 2024 | 4 replies
Accept that the successful RE investors have a well developed skill set that is not immediately acquired.
Nicole S.
Avoid Northpoint Property management in Ohio!
6 October 2024 | 15 replies
I never received any explanation that would help me understand the why other than the property manager blaming new hires.Another time Northpoint charged another homes repairs to my account/address which resulted in a $388 shortage to my account.
Peter ODougherty
Buying a grandparents home to flip?
7 October 2024 | 9 replies
Also some people have no comprehension of the work and skill involved in executing a good value add and the compensation I expect for executing one.Be cautious in dealing with family.
Pat Griffith
3-Way Partnership Structure
6 October 2024 | 1 reply
Partner 1 brings in deals and manages the business Partner 2 brings repair and renovation skills Partner 3 lives out of the area and brings capital What is a fair way to structure/put a value on the partners finding the deals and managing the business.
David Herfel
Advice for First House Hack
9 October 2024 | 9 replies
Do you have the skills to do the work yourself, or would you have to hire someone?