Sha Sing
Has anyone worked with ReadyREI in Saginaw, Michigan
20 January 2025 | 19 replies
you would think that would be common sense but I guess not these days.in conclusion this is real estate.
Lee Ripma
Understanding Kansas City Neighborhoods and Zip Codes
25 December 2024 | 12 replies
Very common to have structural issues caused by soil movement.
Jewell Arceneaux
BRRRR- My first home investment
11 December 2024 | 6 replies
There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.
Cory M.
No W-2, Looking for Loan Options
21 December 2024 | 14 replies
Actually fairly common, depending on what you're looking for property wise going forward.
Jewell Arceneaux
Attention Investors: Scale up starting with FHA
14 December 2024 | 6 replies
Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.
Rich Emery
DSCR without penalty for selling early?
19 December 2024 | 15 replies
Quote from @Steven Stanimirovic: Hi Rich,The prepayment penalties you’ve encountered are quite standard with DSCR loans, as lenders often structure these penalties (commonly called "step-down prepayment penalties") to offset the risk of early loan payoff.
Sebastian Albors
New and Looking to Make First Real Estate Purchase
25 December 2024 | 8 replies
You say multifamily isn’t common around you - have you actually looked it talked to a realtor?
Sergio P Ramos
Would you purposely burn down a property? Crazy? Or not possible?
27 December 2024 | 21 replies
@Sergio P Ramos in my area these types of training burns are still common.
Marc Shin
Provide toothbrushes to guests?
16 December 2024 | 15 replies
Quote from @Sarah Kensinger: In some properties we might stash some under the bathroom sink in case a guest forgot theirs, but it's not something common we do.
Adam Oldham
Is Wall Street Crowding Out Indianapolis Home Buyers?
23 December 2024 | 8 replies
It’s common that this topic is misrepresented.