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21 February 2025 | 9 replies
DTI < 33%Some inconsistencies that I am discovering in the process- Some lenders requiring a hard-credit pull vs some ok pre-approving me with just a soft pull- Some lenders willing to share a loan estimate sheet with exact costs to close, vs some keep insisting that they "need to run the process to get the loan estimate" and that it can only be done after I get into contract.Just before going into a contract, I would like compare all of the pre-approvals and compare their rates, exact cost to close & potential time to close & then pick the best one to make the offer.Ideal scenario- Pre-approve based on a soft pull (so I don't get my credit score dinged every time I work with a new lender)- Share loan estimate sheet with pre-approval for a potential propertyAm I asking too much from the lenders?
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16 February 2025 | 3 replies
Best of luck Yup basically advertising for coaching services..
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8 February 2025 | 14 replies
Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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27 January 2025 | 6 replies
Hard money and private investing are both ways to finance flips, but they work a little differently.Hard money loans are typically from companies or private lenders that specialize in short-term, high-interest loans.
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11 February 2025 | 183 replies
If you have a good JADU candidate you may be best served by being patient.
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25 February 2025 | 4 replies
- Maximizing Bookings – What’s been your best strategy?
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5 February 2025 | 69 replies
Wish you the best of luck along the way and great to see so many of you interested in Southwest Florida!
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9 February 2025 | 173 replies
Not to mention, for investors who really want to dig deep and understand the fundamentals of real estate, hands-on is the best way to get there.
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31 January 2025 | 6 replies
I don't have much advice as now the profits are gone and it seems like the best thing to do is to get your money out the deal and move on.
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25 February 2025 | 14 replies
Personally, I’m positive there are better general investment areas but depending on your niche and skills it may be the best one for you!