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Thoughts on using cash or HELOC for down payment on investment property
7 January 2025 | 1 reply
I'll also want to have more reserves available the more properties I have.Am I oversimplifying or missing something?
Bob Asad
Wouldn't a Subject To Hold the Seller from Moving on?
2 January 2025 | 1 reply
So the seller cannot go get another loan for a car, house, apartment, etc. so it damages their credit by stretching them too thin.Am I missing something?
Garrett Brown
What is your biggest struggle in the STR world right now?
19 January 2025 | 45 replies
Things go missing and without having an inventory you may not notice missing items right away.
Paloma Wodehouse
Strong Tenant Laws & How to Protect Yourself
14 January 2025 | 8 replies
I’ve just heard horror stories from landlords and I’m looking for suggestions on how to best vet tenants - Good credit, no missed rental payments in last 5 years, etc.
Treza Edwards
New Construction Rental Property
13 January 2025 | 6 replies
There is no such absolute rule or mandate for REI - it is up to you on your comfort level with your cash flow versus total investment versus appreciation potential.If I followed that rule, I would have missed out on a LOT of great opportunities over the years.We bought a house in Jones Valley in 2017 with negative cash flow - why?
Becca Pariser
Who is responsible for back mortgage after paperwork is signed?
10 January 2025 | 3 replies
I spoke with the title company who is still helping us wrap up the set-up of a servicing company, and she confirmed that they would be responsible for the principal / interest for Nov and Dec, while we are responsible for the escrow shortage balance (as agreed upon).Not sure how it was missed - not my favorite title company to work with.
Olga Daisel
Advice on investment type
23 January 2025 | 5 replies
Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?
Steffany Boldrini
Seeking Advice: Issues with Jenny Yi, an STR Designer
4 January 2025 | 20 replies
Broken glass lantern by the pool, smoke detector hanging in hallway, broken ceiling light in the bedroom, face plates missing or missing screws.
Brad Roche
FHA 203(k) vs. Fannie Mae Homestyle Renovation Loan
13 January 2025 | 5 replies
While FHA's max loan limit is $525,225Please comment any questions or if I missed anything!
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
@Greg Scott we're still seeing many competitor ads that violate the new law:(Not sure how so many "professional" PMCs missed this!