Stuart Udis
If you are buying lower cost SFH's what is your exit?
9 December 2024 | 20 replies
The purpose of my post was to make others aware of the difficulties associated with selling entry level SFH's which tend to be in neighborhoods with limited owner occupant participation and when the owner occupant participation exists the buyer pool are the least qualified of the FHA buyer pool.
Roger Mace
Should you refinance a DSCR?
27 November 2024 | 11 replies
Something to keep in mind though is that with the DSCR it is a new mortgage which entails higher closing costs as well as paying off any existing liens.
Tisa Grimes
LLC Real estate
28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.
Robert Quiroz
Buying with cash vs financing
2 December 2024 | 33 replies
Fed's can talk all they want about "creating" however millions of homes, it changes nothing unless Harry Potter comes into office and shezams them into existence.
Lucas Schlund
How Do You Get Around The 90 Days Per Year Regulation In Detroit?
26 November 2024 | 19 replies
Quote from @Travis Biziorek: Quote from @James Wise: Quote from @Travis Biziorek: I own and operate a STR in Detroit and this is the first I'm hearing of this regulation.I'm not convinced it exists.
Jessie MacDonald
Mold problem with tenants
27 November 2024 | 4 replies
It may impact someone who already has an existing respiratory issue, but it won't cause illness in a healthy individual.I recommend inspecting the property and determining the source of moisture.
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
I pay my taxes in whatever currency Uncle Sam requires, and I will charge my customers and/or employer in that same currency, even if a better one exists.
Guenevere F.
Is $23k Liquid Reasonable to Start Section 8 Investing in OH?
6 December 2024 | 27 replies
Consequently many inexperienced investors make investment decisions based on where they can afford to buy, not necessarily where a good investment thesis may exist.
Jorge Liang
Tenant Fleas (Pest) Complaint
30 November 2024 | 11 replies
Am I, as the owner, responsible for pests that may or may not exist outside of the house and are brought into the house by the Tenant's dogs?
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
@Jay HinrichsSorry, I maybe misstated...we negotiated it to cost the asset (house)zero...the taxes still existed, they were released from the property because our lien was so substantial of a loss via our first position there was no equity for them to stay attached to...did that make more sense?