Joshua Cole
Was I mislead in a deal involving cross colateralization?
14 January 2025 | 1 reply
An offer was received that I accepted.
Jai Windish
Central Illinois Rookie
30 January 2025 | 11 replies
So, for a small duplex, what price range are you targeting and how much (light, medium, or heavy) rehab would be acceptable?
Anderson S.
Breaking Through Financing Hurdles with Expert Mortgage Brokers
22 January 2025 | 0 replies
Overcoming Common Financing HurdlesMortgage brokers excel at tackling challenges that often derail new investors:Low Down Payments: Brokers can find lenders offering low or no-down-payment loans, ideal for new investors with limited capital.Complex Income Streams: If you’re self-employed or have variable income, brokers can identify lenders that accept alternative documentation.Competitive Rates: Brokers have the leverage to negotiate better rates and fees, saving you thousands over the life of your loan.Pro Tip: Communicate your investment goals clearly with your broker so they can tailor their search to your needs, whether it’s a short-term fix-and-flip loan or a long-term rental property mortgage.3.
Vaughan Moody
Is this reasonable?
30 January 2025 | 5 replies
He's changing the terms of the agreement, and you can choose to accept it or reject it.I don't think it's fair to pass this cost onto the tenant just because you are unwilling to stand up to the contractor.
Brad Roche
FHA 203(k) vs. Fannie Mae Homestyle Renovation Loan
13 January 2025 | 5 replies
., pool)-LandscapingNot Acceptable Renovations:-Commercial Use (e.g., turning a residential property into a commercial property)-Temporary Structures-Non-Residential Buildings (e.g., barns, stables)FHA 203(k)Minimum Down Payment: 3.5%Minimum Credit Score: 620Minimum Loan Amount: $50,000Maximum Loan Amount: $524,225Occupancy Types: Primary Residence ONLYUnit Maximum: 4 UnitsAcceptable Renovations:-Structural Improvements/Reconstruction (e.g., adding rooms, bathrooms)-Cosmetic Enhancements-Eliminate Health and Safety Hazards-Energy Efficiency Improvements-Major Landscaping (e.g., grading, tree removal, adding walkways)Non-Acceptable Renovations:-Luxury Items-Commercial Use-Temporary Structures-Non-Residential BuildingsBoth of these renovation loans are similar in many ways, but the key differences are:1.
Brandon Cormier
Off market Value add 4 family success!
24 January 2025 | 2 replies
So i put in an offer for 10% down conventional loan, $530,000 with 10k back to me for closing costs and it was accepted right away.
Kathy Grossart
1031 exchange within an existing SDIRA
27 January 2025 | 5 replies
The sponsor if they even consider allowing you would be a huge red flag for me knowing if they will accept non accredited investors what other rules are they breaking. 3.
Natalie Gelbke-Mattis
Ready to scale our hospitality portfolio
21 January 2025 | 2 replies
Although these platforms tend to accept bigger deals from sponsors with a lot of experience.
Matthew Strack
Family house deal or not?
17 January 2025 | 7 replies
If I were you, I'd pass on this property and look for something else (and I suggest a 3 BR) under $80 that you can put a little rehab into, unless insurance pays your family member a bunch of money and they accept a much lower price.
Brett Riemensnider
Seeking Eviction Advice
28 January 2025 | 6 replies
I'd note you're most likely going to do the whole process over again, so don't be surprised if your lawyer doesn't accept your 14 day notice and will send their own.