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26 January 2020 | 2 replies
Does cash out refinancing 70-75% play into the 1% rule?
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25 February 2020 | 12 replies
I could buy hockey or basketball tickets and sell them for more than an 8k$ profit.
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26 January 2020 | 1 reply
I want to play this game for the long-term and not looking for short-term returns.My portfolio should benefit from appreciation, depreciation, tax-free cashing-out, leverage using low interest rates (from #1), cashflow to cover the expenses.Syndicate & CF seem to be ruled out since I can't control the asset, cannot leverage it when I want to and there's no collateral on my investment.What is a good way to start?
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28 January 2020 | 4 replies
I played Division 1 Baseball at Ohio University - those were great times that taught me a lot, made me a bunch of connections, friendships... and even ended up with a degree in Geology.
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11 February 2020 | 8 replies
In this case I would not mind putting a large down payment since you are playing the long game, and with risks growing everyday of a sell-off or bubble, you will be able to CYA in the worst scenario.
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15 March 2020 | 11 replies
I have two realtors in my family so I can get information really quickly on properties, I worked on my family’s rentals for about 5 or so years, I’m pretty good with Microsoft office, I found a five unit apartment in a desirable area originally to wholesale but I want to acquire it after analyzing it a little more, and I’m just a hungry young man willing to work I used to play football on the college level so I’m looking to bring my work ethic developed over the years to real estate investing.
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26 January 2020 | 6 replies
TV playing loudly at 4am bothers the 2nd floor resident right above him.
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26 January 2020 | 27 replies
RE being illiquid also plays favorably here since banks will not 'call' the loan if the asset price drops.Several states also have non-recourse laws for homes which protect the investors personal property from creditors.
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27 January 2020 | 7 replies
Fun fact: A formerly incarcerated person might not meet your criteria as landlord to rent a unit to them in the lower income area of your town, so instead they purchase the home (since we don't do background checks) right next door to you and are your neighbor in the nicer part of town, watching your kids play in the yard, etc... whoops, might not have considered that one.
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4 February 2020 | 11 replies
@Scott Sambrook conventional (Fannie/Freddie) underwriting standards only require 6 months' seasoning before a new appraisal can be used to determine the value of a property for refinance purposes, but in my experience most lenders still want to see 12 months of ownership before they'll play along with that.