Sarah Minor
Closed on investment property 5 days ago and have not been paid
26 November 2024 | 5 replies
I just have never heard of this kind of experience and am wondering if others have run into any debacle like this. title company checks normally dont get held I know mine never do.. last year when first american got hacked I had closed a deal and had a nice size proceed wire due and it took 6 or 7 days for FATCO to get the wire out to me..
Rene Hosman
How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
I used to use a bookkeeper and it was expensive, especially considering the size of my portfolio at the time.
Jenni Utz
House Hacking with Multifamily Properties: A Game-Changer for Real Estate Investors
26 November 2024 | 2 replies
With multifamily house hacking, you live in one unit and rent out the remaining units to tenants.Why Multifamily House Hacking WorksHere’s why house hacking with a multifamily property is such a powerful strategy:Rental Income Pays Your MortgageWhen you rent out multiple units, the rental income from your tenants can cover a significant portion—if not all—of your mortgage payment.
Charles Burgess
Upside & Downside of Buying All 1Bedroom Apartments
25 November 2024 | 2 replies
.), are there any particular upsides or downsides of purchasing all single bedroom units vs. a more traditional mix of units for a property that size?
Taylor Robertson
Found off market deal with working with realtor. How to proceed?
25 November 2024 | 4 replies
I'd recommend having them help out with the contract portions, if anything to help with liability concerns.
Nathan Gesner
Are rents dropping in your market? You are not alone.
28 November 2024 | 26 replies
My main point is that regardless of its size percentage wise its very high which has impacted Jacksonville a ton.https://en.wikipedia.org/wiki/Metropolitan_statistical_area
Pat Arneson
Anxiety Over Rehab Costs
25 November 2024 | 23 replies
I can then take those figures and estimate for future deals based on size, room and bathroom count, etc.
Philip Jones
Refi LENDERS in BRRRR
18 November 2024 | 16 replies
My firm has a fix to rent product that discounts the interest on the fix portion, and discounts origination on the DSCR portion.
Frank Thomas
First BRRRR in Charleston
25 November 2024 | 13 replies
For loan balances under $200k, you are better off going DSCR with a 5 year prepayment penalty and paying 2 total points on the loan (1 point is 1% of the loan size).
Samantha Springs
Selling Investment Property to Pay Down Primary Mortgage
2 December 2024 | 21 replies
My recommendation is to get a side gig or second job, and start putting pre-paying the mortgage by rounding up then re-casting every 18-30 months with some more size.