Chris Piper
Wholesaling 101: How to Wholesale for Beginners
27 October 2024 | 74 replies
You offer $15,000 initially, and let’s say the seller accepts $18,000.
Elizabeth Rose
HELP - the appraisal company gave me a super low-ball appraisal
23 October 2024 | 27 replies
@Kevin Luttrell - I disagree, I have seen lenders accept the report as a reference point during the appeal process.
Audrey Scott
First-Time Home-buying Guide
25 October 2024 | 2 replies
The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!
William Coet
Whats better than this return?
28 October 2024 | 7 replies
The issue people also need to know is you can have a list of questions, but you also need to know what is and is not an acceptable answer.
Andrew Rivera
General questions regarding regarding LTR using DSCR for section 8 tenants:
23 October 2024 | 1 reply
Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).
Chris Berry
Section 8 tenant thoughts
24 October 2024 | 33 replies
And the reasons is not so much the tenants, but the paperwork hassles.As a landlord who accepts HUD vouchers (Section 8), you still have the right to set your own tenant criteria.
Matt Sharp
Furnished Rentals vs long term (Single Family) Anaheim, Ca
22 October 2024 | 2 replies
As of now Anaheim is not accepting permit applications for short term.
Andrew Katz
How do I Scale from Here
22 October 2024 | 17 replies
I'd like to build up some equity, but I'm struggling to find value-add properties (and get offers accepted).
Don Konipol
Wealth Enhancement Real Estate Strategies
24 October 2024 | 6 replies
Avon, CT is a hot market, with multiple offers being received the weekend of the open house, which is scheduled one week after listing.My offer of $725,000 was $20,000 lower than the highest bid, but was accepted without counter because it was not contingent on financing, while the highest offer at $745,000, while the buyer had pre approval financing, was subject to financing.
Rylie Cooke
How much to pay a GC for spec build
23 October 2024 | 5 replies
What is a fair offer to make to that GC, and what kind of deal should I not accept?