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Results (10,000+)
Jeff Chisum Bad Information around 10% down
10 February 2022 | 38 replies
Currently the Fed has a policy of buying unlimited mortgage backed securities, meaning there is no risk for a lender to originate loans that conform to Fannie Mae or Freddie Mac underwriting standards
Adam Thomas Welu Has anyone bought from a Turnkey Rental Company?
3 October 2021 | 9 replies
@Adam Thomas Welu the quality of turn-key companies can vary a lot, Here are some key things to look for.In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors
Kayla Johnson What to Ask a CPA in Consultation
25 October 2021 | 5 replies
We own our primary residence, have always taken the standard tax deduction, have 4 children, one graduating high school this year, have never owned a business, don’t know what could possibly be written off or what needs to be saved throughout the process, and would prefer to have a cpa and attorney assist with the set up of an LLC to ensure we’re getting the most tax benefits and asset liability protection as well. 
Kohei Hayashi How have you set your financial "thermostat"?
28 September 2021 | 5 replies
Of course, we obliged and though we didn't have any formal system of accountability, I think that the time he spent with all of us helped establish a new standard for what was normal.
Jerry Davis I know it's some money in this situation.... I need help though.
27 September 2021 | 10 replies
You could look up comparable properties that have sold and get quotes from contractors on what it would take to bring your property up to those same standards.
Austin B. Considering my First Deal - Lease Option
25 September 2021 | 2 replies
I figured that, as a lease option, the tenants have significant money on the line, so they will care for the property much more than a standard rental.
Marshall Smith Loan Options for Investment Property that needs Rehab Work
25 September 2021 | 1 reply
203K, it is a standard FHA program. 
Adam Sherwood Looking for advice on saving for first home purchase
27 September 2021 | 6 replies
Federal loans are currently interest free thanks to covid relief but I believe that is coming to an end soon. the location that I will be looking into really will depend on where the next jobs integration facility is.
Nathan Miller First Time BRRRR Single Family Home
26 September 2021 | 1 reply
This is going to cost money and they will not have time to prepare an entire scope of work during a standard due diligence period2 - I would get with a Realtor and have them pull comparables from the MLSWhere is the property located in Ohio?
Kay March Electric car fire risk in rental housing
25 September 2021 | 10 replies
It’s essentially a fancy extension cord that allows your car to be plugged into a standard outlet on one end and into the car on the other end." https://www.consumerreports.or...