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Results (10,000+)
John Vela-Garcia Renovating vs New Build
25 May 2024 | 14 replies
If its a total gut, that changes things...but if it's bought right...Rehabbing will likely be your best bet. new builds set the price premium in every zip code I've ever studied. in addition new builds don't take 9 months. we just built a house in 60 days. we wait till permits are approved and shovel ready, investors buy land cash, entitle, contracts, negotiate with financing, place financing when we are ready and break ground. but we build the same over and over and don't go outside our Floorplans  
Yanting Wang should I buy this new construction home?
25 May 2024 | 6 replies
@Yanting Wang many investors are buying, "build to rent" properties.They are all being told that in buying a new construction property, they shouldn't have maintenance issues for 5-10 years, which will increase their cashflow/profit.Well, tenants have a way of breaking things, not taking care of problems and letting them become maintenance issues, and this is on top of the fact that most new construction properties require several warranty repairs by the builder in the first 12 months.As others have pointed out, you must live in the property for the first 12 months for an FHA mortgage or take your chances with committing mortgage fraud.
Andy Yu Section 8 tenant - ways to remove aside from housing court
27 May 2024 | 9 replies
Make a police report, a report with the fire house, report with section 8 get copies of all reports including the ones he made to 311.
Jeff S. Trees on properties-expensive removal-potential value in the wood?
25 May 2024 | 7 replies
When large limb breaks off it means the tree has problems.
Kris DeVito Milwaukee Neighborhoods - Where to look, where to avoid
28 May 2024 | 17 replies
Thats for the metro area, so Tosa, West Allis etc included, and a a hand full in the surrounding counties.
Christopher Colburn Turning a property into an assisted living home.
28 May 2024 | 42 replies
So basically my live-in providers would do the cooking, cleaning, providing medications (which includes injections).Was just hoping that someone might be able to answer my question that if there were changes to Medicaid or Medicare similar to these last two healthcare bills proposed would that make starting this type of business more risky?
Richard Benjamin Wilhite How do you deal with dog poop in the yard from tenant's pet
27 May 2024 | 9 replies
Yes, I've already drafted an amendment to include in the lease for my next tenant if indeed I allow pets again.  
Bruce Woodruff So how is the Buyer's agent going to do come July?
26 May 2024 | 14 replies
We tackled this by including the buyer agent commission in the offer contract. 
Jalen Wilson Is it possible to get a mortgage with no W2 history
27 May 2024 | 11 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable). 
Michael Reiserer San Antonio market
26 May 2024 | 10 replies
San Antonio has experienced steady economic growth, fueled by a diverse economy including sectors such as healthcare, military, tourism, manufacturing, and an overflow from the Austin market.