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19 February 2025 | 27 replies
I tell my Colorado STR clients they want to see annual STR revenues that are at least 10% of the purchase price.
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13 February 2025 | 2 replies
So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1) zoning allows for this2) and obviously I owner occupy for at least 12 months3) the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process?
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20 February 2025 | 3 replies
I purchased a duplex (Austin, TX) at peak market prices in 2022 for $720k.
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20 February 2025 | 4 replies
Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.
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19 February 2025 | 17 replies
I signed my purchase agreement, the rates came down today to 6.625 which I locked in for.
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8 January 2025 | 12 replies
Im looking at purchasing a duplex in middletown, Ohio.
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8 February 2025 | 1 reply
Hello, I’m looking for some information on Investors that might be interested in purchasing a mobile home.
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10 February 2025 | 71 replies
You're 17 and have no legal right to enter into a purchase contract.
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14 February 2025 | 6 replies
I live in San Diego, CA and purchased 3 single family homes over the last year, 1 in TX and 2 in OH.
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4 February 2025 | 12 replies
I have used HELOCs for probably most of the purchases of the properties I own.