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20 January 2025 | 57 replies
Are you a US citizen who understands how things work legally in the USA?
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23 January 2025 | 8 replies
@Isaac Hanai make sure you FULLY understand the negatives of S8 programs, not just the mirage of consistent government rent payments.
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31 January 2025 | 19 replies
I'll add that you must manage yourself for at least a year (all four seasons, etc.) to have a real understanding of what you want done and how much you would value what is offered by STR PM.
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2 January 2025 | 2 replies
I get a lot of questions about housing vouchers and how you determine rent amount allowed.
Each housing authority (HA) provides a voucher amount determined by bedroom and some further define it by zip code or city w...
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30 January 2025 | 10 replies
Check with the lender but my understanding is they will count that potential income as well.
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23 January 2025 | 5 replies
It's not hard to understand the disqualified party rules and prohibited transactions.
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23 January 2025 | 4 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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18 January 2025 | 15 replies
I highly recommend you play with that tool to start getting an understanding of what things you can do to positively affect your credit!
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25 January 2025 | 12 replies
@Jonathan Blanco, I'm and investor and a licensed mortgage broker so I've been on both sides of this conversation.I would look for a lender that (1) listens to you and understands your strategy and needs (hint: it's not always money), (2) has experience working with clients executing your strategy and brings more to the table than just cash - be it advice, relationships, deal-team partners, etc., (3) gives you viable options and explains the pros and cons of each option and (4) you enjoy interacting with - this should be a relationship, not a transaction.Once you find a few lenders like this (and you should have relationships with more than one), then you can start comparing rates and fees.
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31 January 2025 | 8 replies
@Sam Ojo The $900K of equity isn't relevant without understanding the value of the real estate.