Christian Gibbs
What is the typical fee charged by property manager while rental is vacant?
25 November 2024 | 19 replies
Hopefully, you've approved a bid they submitted, so the cost is fixed - unless they can document the need for acceptable change orders.If they are charging hourly, then, yes, they may be able to charge you more the longer it takes.Keep in mind, your PMC is unlikely to have an exterminator and other licensed contractors on staff.
Constancia R.
How do you verify that a lender is real?
20 November 2024 | 15 replies
NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS.
Kobe Carr
Is Dallas, Texas area a good start for a beginner to buy a duplex?
20 November 2024 | 24 replies
Are you licensed in Texas or are these off market properties ?
Luis Puente
Is really worth it to get my real estate license?
14 November 2024 | 9 replies
Having a real estate license is NOT required to be a successful real estate investor.IMO, it can help though!
Clareen Eberly
Any other investors here in the Charlottesville, VA area?
21 November 2024 | 1 reply
Hello Clareen,I am an investor and also recently got my license and am based out of Charlottesville.
Russell Fleming
Becoming a real estate agent (SC)
21 November 2024 | 2 replies
Are you in the process of taking the licensing class now?
Ashley Mierez
Building Relationships in the San Diego area
22 November 2024 | 7 replies
Im a newly licensed real estate agent in San Diego looking to connect with local agents, investors and wholesaler in the area.
Calum Bressington
Lead Paint Certification
21 November 2024 | 25 replies
I always got the impression that he had a bad criminal record or never got his high school diploma/ GED equivalent or some other issue was preventing him from getting a license, because he was basically just brokering without a license but calling it consulting (I don't know any of that to be true for the record, that was just the impression that I got from his comments and might explain why he used a fake name?).
Robert Quiroz
Buying with cash vs financing
2 December 2024 | 33 replies
I'm a licensed commercial and residential agent and looking to acquire 28 units though owner financing. someone knocked it out of the park when they said your return is theoretically higher if you use financing vs cash.
Nolan Ring
3/3 lenders have no idea about FHA loans
21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.