
25 June 2024 | 8 replies
I thought owner occupied loans are supposed be lower interest rates then non-owner occupied loans or DSCR loans also, I asked the lender if she could adjust the purchase price to $750,000 to see if that would lower the interest rate and the interest rate actually went up to 8.625% and pay 0.353 points I'm thinking I should find a mortgage broker that can quote me with multiple lenders to shop the rate and loan costs instead of a direct lender Thank you for the help!

25 June 2024 | 5 replies
or share it directly?

25 June 2024 | 20 replies
If you are not familiar with the area (selecting a location because property is cheaper than your home base), often that great deal might be 10 blocks in the wrong direction and you get burned.

26 June 2024 | 18 replies
It would be unfortunate if the Wyoming LLC is the deed holder if the property is located in PA as I suspect you are likely getting hit with recurring registered agent fees (I don’t have direct experience working with LLC’s in Wyoming because there are absolutely no added protections incorporating in Wyoming but that’s my hunch).

25 June 2024 | 5 replies
After several years investing as an accredited investor, I’m moving to building my own portfolio of SFH and small multi-family that I control and add tax and passive income benefits for additional investing.

26 June 2024 | 4 replies
Breakeven or even a small loss in the first year is not so bad if you need to offset income...and the investor upside is always in the "hold".

25 June 2024 | 39 replies
Does anyone actually see the open floor plan trend going in the other direction, back towards the mid century era of dark closed off living spaces?

25 June 2024 | 11 replies
However, there is a workaround: if you can structure the transaction such that you acquire 100% of the membership interests in the LLC, it can be treated as a direct purchase of the underlying real estate by you.

25 June 2024 | 18 replies
Another is Section 8 and unemployed.I’m open to Section 8, but my property manager says that the house won’t qualify and that it will need repairs such as:Fresh paint in some areasGarage door (garage is good, but door is missing)Filled cracks in drivewayPower washing of outsideOne New window (has very small hole)Phone jack removedLawn mowedI’m curious if this is all necessary for Section 8.

25 June 2024 | 1 reply
We are working with our local small town bank.