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Results (10,000+)
Raj Balakrishnan tenant verification is UNRELIABLE. Scary stuff for a mom & pop investor !!!!!
8 August 2024 | 27 replies
This is why landlords, especially mom-and-pop landlords, need a reliable way to vet applicants in risky markets like Baltimore.  
Alex Barrios Want to learn & start wholesaling
12 August 2024 | 2 replies
Building relationships with experienced wholesalers can also open doors to joint ventures and off-market deals, giving you a head start in the industry.
John K. What can I do with $140K cash?
11 August 2024 | 49 replies
Never has the market been so cornered.
James S. Best way to find new construction
12 August 2024 | 2 replies
I current get $1,000/month for the single and based off local market expect to get $1,500/month for the other part of duplex (mortgage is $2,080/month after putting 20% down).
Alex Sarnoff When should I get pre-approved for an upleg during a 1031 exchange
12 August 2024 | 4 replies
Begin your 'pre qualification' process for the acquisition now (most commercial lenders won't issue a PreQual but rather a LOI) In general, Commercial transactions can take longer due to extended due diligence, appraisal, environmental reports and financing (60+ days) so you'll want to initiate your search during the marketing of the down leg as it can cause a tighter timeline than a residential transaction. 
Nathan Gesner Fake Paystubs??? Landlords beware!
8 August 2024 | 5 replies
By signing below, applicant(s) give permission to (1) current and former employers to release any information about applicants’ employment history and income history to the above named person;(2) current and former landlords to release any information about applicants’ rental history to the above named person; (3) current and former mortgage lenders on property that applicants’ own or have owned to release any information about mortgage payment history to the above named person; (4) bank, savings and loan, or credit union to provide a verification of funds that applicants’ have on deposit to the above named person, and (5) to the above named person to obtain a copy of applicants’ consumer report (credit report) from any consumer reporting agency and to obtain criminal background information about applicants.
Paul Swinson 3rd time the charm
13 August 2024 | 3 replies
Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!
Dylan Speer Subject-To Deals Risky?
12 August 2024 | 37 replies
I bought it at the peak of the market
Sam McCormack NAR Lawsuit and Questions
7 August 2024 | 23 replies
@Russell BrazilAh yes, I forgot about forcing people into buyer agency.
Collin Hays Home prices are stable to climbing in the Smokies!??
11 August 2024 | 16 replies
I think because the majority of people who refinanced during COVID are holding up, we don't see much inventory in the market.