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21 January 2025 | 14 replies
One of my buy box requirements is the house needs to cashflow at least $500 per month or I am not buying it.
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4 February 2025 | 14 replies
If you don't have a key, change the doorknob to an appropriate interior knob that doesn't require a key.I provide my tenants with keys to all doors.
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1 February 2025 | 14 replies
The deed transfers to the trust without triggering due on sale and that is the only item requiring recording in the process.
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27 January 2025 | 5 replies
Your $80K HELOC can serve as the down payment, as most lenders require 20%-25% of total project costs upfront.
8 February 2025 | 89 replies
So, their attorney gets back to them with the new that (1) their dream of a “contingency” fee lawsuit is a non starter (2) that the process is going to be long, drawn out, and (3) that a $15,000 retainer would be required.
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30 January 2025 | 4 replies
Dodd Frank corrects this by requiring the price be supported by an appraisal or some basis.
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19 January 2025 | 18 replies
A DSCR loan is going to require more down, have high fees at closing, a higher interest rate, a pre-payment penalty, and will require you to have cash reserves that you likely don't have at the moment.
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24 January 2025 | 3 replies
We've sold 65+ homes and the biggest request we get from our Buyers is help with closing costs.Most of our deals we're providing anywhere between $5K-$10K to help Buyers offset the cash requirement to purchase a home.Even in today’s "high" interest rate environment, many Buyers prioritize closing cost assistance over an interest rate buydown.
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28 January 2025 | 8 replies
. --- From the zoning code it says, an RM-2 zoned lot can have "1 unit per 2,500 sf. of lot area"If you don't meet that lot size requirement you'll need to make a request for a variance, then post notice about the desired change in front of the building.
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10 February 2025 | 24 replies
In past history (IMO), the ones that contribute less and stay home all the time seem to break more things faster and consume more things.....and sec8 requires you to repair or fix it.I do not take a loss for sec8 vs market.