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7 March 2024 | 3 replies
Building the homes on shovel ready lots won't be an issue to find lending for .
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7 March 2024 | 14 replies
Where you can run into issues is pet urine.
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7 March 2024 | 7 replies
If you are working with a large PM company and you have an issue 9 times out of 10 you have to go through a hotline to call.
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7 March 2024 | 2 replies
I have a salary and a good amount of real estate income.So far I encountered issues as my real estate NET income looks like $0 because of depreciation, and so the DTI looks inflated since I have the corresponding real estate debt.I am looking for 300k HELOC on $1.2M property with $660k mortgage at 3%.
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8 March 2024 | 17 replies
There are some legal concerns in certain areas, Illinois and Philadelphia for instance requires you to have a real estate license to wholesale from my understanding.The biggest issue is that most simply don't make much money wholesaling.
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7 March 2024 | 29 replies
Rental income is typically lower than Class A, and there may be some deferred maintenance issues.
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8 March 2024 | 77 replies
I had the same issue.
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7 March 2024 | 1 reply
Some of my leases need to be updated, including increasing security when increasing rent; putting in clear violations (such as tenants using electrical heaters, which is a fire hazard); having a reliable attorney ready should any legal issues arise.
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6 March 2024 | 10 replies
The first house i bought is now my rental instead of the one i inherited which i was renting out for the last 4 years.Long term Goals are to acquire more properties over time, currently my short term goal is to upgrade to a nicer house to live in.My realtor swears up and down not to sell it and to refinance the one im in, as well as my lender, but 259k in interest going from it being paid off in 4 years to 1600 a month for another 30 years is a hard pill to swallow, even though technically the tenants would be paying it off but at the same time i lose allot of profit.
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7 March 2024 | 5 replies
I had a terrible PM before them but Bridgestream worked with me on getting my SFH Tenant Proof, gave me one contact person who knew my rental, and reports any issues monthly.