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7 August 2024 | 9 replies
Quote from @Jason Kornreich: New to the site.
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8 August 2024 | 2 replies
You could do that for 3-5% down.. live in it for a year to meet typical requirements for use… then move into a new house, and ‘voila’ - you bought your second (multi-family) rental for 3-5% down instead of 20-25%.It is entirely possible though that you will face debt to income issues on your first rental if your lender wants to see a year or twos worth of rental history before counting your rental income to offset your debt payments…so beware of that.Otherwise you may have to look at creative financing… maybe bringing in a money person where it was a short term investment for them, like “I’ll give you 8% on your money (versus the 4-5,% you could earn from the bank CD) if you will partner with me on this purchase.”
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9 August 2024 | 8 replies
Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.
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7 August 2024 | 6 replies
@Raj SinghWhen you inherit tenants there really isn’t screening… they are already there… you are the new person… not them.
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8 August 2024 | 4 replies
The home is in the New Town (NT) zone of Columbia, MD.
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3 August 2024 | 0 replies
Hello, I am new to REI and wanting advice.
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6 August 2024 | 6 replies
It should be the new owner's responsibility now, but it doesn't seem like these have been transferred over.
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7 August 2024 | 2 replies
also how easy will it be to find a new tenant for your house hack for Oct 1?
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1 August 2024 | 3 replies
I can save alot of money by just building a new house.