Karl Denton
First single family STR in a market that has limited Data
7 October 2024 | 0 replies
Found on mls, put in my offer at asking and they accepted it.
Ian Dale Ibrado
Screening tenants when theyre a company
7 October 2024 | 1 reply
Once they are approved, they sign the lease and accept personal responsibility on behalf of the company.
Mohit Khanna
Australian investor looking at entering US residential market
16 October 2024 | 25 replies
Only way I will lock myself into 1 is if the exit fees are not prohibitive and % basis points is within acceptable ask price from the present lending rates, can surely go in for a higher deposit to tilt the balance towards positive cashflow i.e 25%-35%.
Mark M.
Ratio Utility Billing System (RUBS)
13 October 2024 | 54 replies
Some states do not allow RUBs due to the inherit unfairness of the allocation of the apartments' W&S expenses .Although sometimes not economically feasible in older properties, water sub-metering is practically unanimously accepted through the US.
Joseph Beilke
Palm Coast FL Realtor and Newbie investor!
9 October 2024 | 11 replies
This requires you to work backwards from expected gross rents to the price to offer.Yes, you may have to make 10, 30, maybe even 100 offers to get one accepted.
Chase Rule
Low money down options
6 October 2024 | 8 replies
Here is some info on that as for"skin in the game".Gift funds are acceptable as 100% down payment for loans <75% LTV/CLTV Gift funds are acceptable for loans >=75% LTV/CLTV; however, the underlying Borrower(s) must contribute at least5% of the transaction (lower of Purchase Price or Appraised Value) from their own fundso Example: A $500,000 purchase price where the LTV/CLTV is going to be 75% or higher would require the borrower to have a $25,000 of their own funds provided ($500,000 x .05% = $25,000)
Alexander Phillips
1st time buyer, cold feet after mess + closing cost increase of 3%, can I back out?
10 October 2024 | 19 replies
Highly recommend trying to require the agent to provide you all the tenant qualifying info for you to review BEFORE you accept the property with tenants (potentially, nonperforming ones).
Account Closed
Difficult tenant move out- recommendations?
8 October 2024 | 8 replies
You have no cause of action relating to your wages.You do not have to accept the tenant's interpretation of your lease.
Lee L.
Stessa vs. Landlord Studio, vs Quickbooks.
7 October 2024 | 24 replies
And worse, this bank does not even accept Zelle.
Evan Staats
Investing in the Northern Virginia Market
7 October 2024 | 2 replies
We got an offer accepted 20k below list, appraised for 60k above under contract price, and now the values just keep climbing because the comps just keeping going up for sale for increasing prices.