Jerry Shen
Buying RE with Bitcoin
9 December 2024 | 166 replies
FHA has no guidelines specifically providing conditions where Bitcoin could be recognized as an acceptable source for funds to close.The way I read this, Coinbase (or the chosen cryptocurrency clearing house) would need to fully comply with every single thing that Bank of America and Fidelity does to verify your identity, and then issue regular normal vanilla bank statements (if you have to use the word "but..." to argue for how the thing is a bank statement, it's probably not a bank statement), which they currently do not (hours spent on customer service, clicking around my account & the borrower's account, etc etc).
Jimmy Wellman
I'd like more specificity about the ROI on an average flip. Can you help?
20 November 2024 | 5 replies
It also depends on market conditions and availability of cash in the market, both of which will create more or less "meat" so to speak in the deal.
David Ivy
Austin Market Report - October 2024
20 November 2024 | 1 reply
They can take time with their search and be more selective about a property’s location and condition.
Zach Rumfield
Family cabin in the mountains next to a major ski resort. Why not AirBnB?
22 November 2024 | 15 replies
You need to have it fully stocked so people can cook while they are there and I tell you it is very important.You need to setup regular services for the hard systems like furnace, AC etc to keep them in top condition.
Tyler Gilpin
Section 8 Market Rent etc
21 November 2024 | 19 replies
This website (https://www.affordablehousing.com/housing-authority-mi/) allows you to compare the average price, condition, and size of homes available for Section 8 rentals.
Pat Arneson
Anxiety Over Rehab Costs
25 November 2024 | 23 replies
I think it depends on the condition of the property whether it needs full replacement of most parts or just cleaning refreshing.
Sandra Ho
Better to have no tenant or a tenant with history of multiple late payments
18 November 2024 | 11 replies
Typically it is asking too much for rent, but it could be your advertising is poor or your property is not in good condition for that area."
Moises Salazar
Seller financing approach
18 November 2024 | 5 replies
Property is 2100sqft and needs a ton of rehab since everything inside is in good condition however everything original from 1950.
Joe Steinheiser
Insurance for flips or renovation
15 November 2024 | 8 replies
For a flip, you'll want to get a builder's risk policy, which covers the property during renovations, including any damage from fire, vandalism, or weather while it's vacant.
Lauren Schultz
Knob & Tube and landlord property insurance
18 November 2024 | 1 reply
Rewiring the home is not an option (cost to rewire verses what the house is worth/ what I paid) and the current wiring is in very good condition.