Jonathan Greene
The Top 5 Ways I See New Investors Lose Money On Their First Flip or BRRRR
19 November 2024 | 24 replies
I thought that conventional wisdom was to buy materials, but I think your points 1&3 would be a great comboTO ANY ONE - @Bruce Woodruff brings up a great point about defining scope.
Brody Veilleux
House Hacking with an LLC
11 November 2024 | 6 replies
You can indeed transfer the FHA loan into an LLC if certain criteria are met, though your bank may exercise its due on sale clause and require you to get a new conventional mortgage.
Michael Martin
Banks that work with out-of-state investors (Augusta GA)
9 November 2024 | 10 replies
Preferably with 30 fixed conventional loans!
Brody Veilleux
Conflict between Lenders
8 November 2024 | 10 replies
If you get the conventional mortgage and it records as a first lien that’s simple every day deal.
Timothy Blackman
First time home buyer loan advice.
14 November 2024 | 22 replies
Having a reliable lender with experience can help guide you to the best options for your qualifications, however at a minimum if trying to qualify for a conventional loan you'll need at least a 620 FICO mid score, other options are FHA using lower scores.
Grace Hartman
Help with closing terms for rental purchase
12 November 2024 | 6 replies
If so, then it could get messy. 5% down is conventional so I don't think it would show on an appraisal, in that case you could work on doing an escrow holdback i.e. the seller holds a certain $ in escrow with the title company based on the quotes you receive.
Jonathan Greene
How To Know Who To Take Advice From When You Are Just Starting Out
14 November 2024 | 40 replies
prices are high, interest rates are high, there is tremendous demand for inventory by both retail / primary buyers and investors, good contractors are booked up, some materials are still expensive. ' can't we just be honest that (1) if you are in a strong financial position, then yes, RE is still a good investment and ALSO (2) it's way more difficult than it was in 2016?
Katie M Parfitt
Excited to go back into Flipping Homes!
8 November 2024 | 4 replies
I think inventory is going to stay low so the quicker you can turn it around, the better and I agree, you will be in good shape when you go to sell.
Matthew Edmondson
Real estate syndications
12 November 2024 | 8 replies
For pros, he challenges conventional wisdom and explodes sacred cows by exposing hidden conflicts of interests and mis-alignments that many in the industry won’t admit to.
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
I do have an LLC to buy some properties with commercial or DSCR loans since I tapped out with 10 conventional loans a while ago.