George Kopp
Tenant Asking for Blinds
13 February 2022 | 42 replies
Correct if you have traditional sized windows Walmart has excellent blinds that come in several shades.
Juan Carlos Camas
Hard Money Lender for small deals
3 December 2021 | 7 replies
To answer your first question about trying to find a HML to work with you are correct a lot of traditional lenders & HML do not like to work with deals this size due to various reason.
Antonio Jimenez
House hacking a 3 bed 3 bath condo, next to my university
2 January 2022 | 3 replies
They are not traditional and if you end up with an individual lender that has not done one before, there is unfortunately an unreasonably high probability they won't get it done in time.Just do a Google search of credit unions and local / regional banks in your city.
Amanda Polton
Appreciation play v.s. cash flow
22 December 2021 | 19 replies
RE investing is a get rich slow process.
Andrew P.
Trouble getting a HELOC becasue of DTI (lenders using tax forms)
27 December 2021 | 13 replies
@Andrew P. 1) as 2022 is almost here - consider completing and filing the 2021 tax returns asap and consider having the schedule E for the rental income show as much of a positive net income as possible ...this might increase your tax exposure for the year but if the result is that you will be able to line up a HELOC on your primary property , it could be worth it 2) a traditional cash out refinance will have the same issue of using the tax returns for the qualifying ratios - the LTV ( loan to value ) for a OO triplex isnt very high 3) recent FED announcement - 3 seperate .25% increases expected for fed rate in 2022 - this means HELOC / prime rate will increase by the same amount when these increases occur
Jorge Castro
SOS I just started this Real State adventure
8 December 2021 | 14 replies
I have not been able to materialize any created wealth for me and I am starting to get anxious about this situation, and somehow excited and relief, since I came across a way to start materializing wealth.Some years (maybe 10 or more) my wife read "Rich Dad, Poor Dad" and she started explaining the idea that Kiyosaki talks about, I got excited and started to do some numbers and just could not find how to do this.
Alyssa Teddy
Traditional mortgage or commercial?
3 December 2021 | 1 reply
We are unsure if we should open an LLC and get a commercial loan (25% down, higher interest rates), or if we should get a traditional mortgage (20% down, slightly lower interest rates).
Zach Kuhl
Looking To Start Investing In Real-Estate, Is Now A Good Time?
14 December 2021 | 2 replies
@Zach Kuhl,aside from talking to an agent and investor if you have not, great books to read are:• Rich Dad, Poor Dad• The Millionaire Next Door• Cash Flow Quadrant • Tax Free Wealth• Set For Life• Rental Property Investing• The Millionaire Real Estate Investor• The REAL Book of Real Estate• So Good They Can’t Ignore YouYou are more than welcome to reach out if you have any questions.
Orlando Goodon
Has anybody tried luxury rentals or content houses?
3 December 2021 | 1 reply
Can even focus on particular shooting areas just like a traditional set.
Ilgaz Arikan
Rookie investor question...how do you decide between STR and LT?
13 December 2021 | 18 replies
You would have to talk to someone who's extremely familiar with this approach and find towns with favorable laws before starting.Other than that, I live and invest in New Haven county and host a monthly meet-up in New Haven for investors.I would be happy to talk & help anyway I can, I'm a licensed contractor & realtor, currently helping a couple other investors find properties in New Haven for traditional buy & hold investingBest,Ryan