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2 February 2025 | 1 reply
Seller was behind on pay HOA payments and in risk for losing the property.
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22 January 2025 | 15 replies
Is there a reliable source to get this information from other than agents?
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4 February 2025 | 1 reply
If the prospects look financially shaky or sketchy, I ask for the name of a co-signer - and collect payment for a background check on them.Verbally, I also ask when they are interested in taking occupancy, and I tell them the application will be made part of the lease agreement - that I can evict them if they've lied in their application.
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4 February 2025 | 4 replies
Full credit/background check: Look for missed payments, and any theft is always a no go.2.)
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2 February 2025 | 0 replies
Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.
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15 January 2025 | 10 replies
As a new fix and flip investor lenders will typically want to see 20% down payment and will be able to fund 20% of the rehab budget (80% LTC).
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10 February 2025 | 4 replies
If not, you may have to qualify with the full mortgage payment against your debt to income ratio, including the new home that you are looking to purchase.From a tax standpoint, you may want to speak with @Natalie Kolodij.
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27 January 2025 | 2 replies
I do not have to much cash for a down payment but was thinking of doing a HELOC on one of the rentals to get more cash and go the BRRRR method.
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6 February 2025 | 4 replies
Instead of moving into another single-family home, consider house hacking a duplex or triplex, this allows you to use low down payment loans (FHA, conventional) and offset your mortgage with rental income, accelerating your path to financial freedom.
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14 February 2025 | 9 replies
To improve cash flow, consider a higher down payment, mid-term rentals, or renting by the room.