Connor Williams
Lender to offer low financing for new construction builds?
12 December 2024 | 6 replies
@Connor Williams yeah, what the above posts stated but it's formally called "Forward Commitment" when a builder does it (if you want to google more on it).
Nathan Frost
Update - Detroit Deal
18 December 2024 | 45 replies
In 1950 a law was passed that the City of Detroit could not expand its borders like other cities have done.
Caleb Johnson
Hard Money Lending Questions
20 December 2024 | 14 replies
Property Appraisal and UnderwritingDo you require a formal appraisal or just a broker price opinion (BPO)?
Tekoa Glover
Am I entitled to a denial letter
13 December 2024 | 6 replies
If the lender used your credit report as part of the decision, they should also include details about the credit reporting agency.It’s worth following up with the lender to formally request this denial letter and ensure they’re compliant.
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
24 December 2024 | 6 replies
If you operate as a separate business entity - S-corp, C-corp or a partnership - you may be required to have formal compensation for yourself: either a W-2 salary or so-called guaranteed payments.
Jewell Arceneaux
Attention Investors: Scale up starting with FHA
14 December 2024 | 6 replies
Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.
Matthew Paul
Home inspector says deck isnt up to code .
22 December 2024 | 23 replies
There is actually no formal licensing requirement in my area.
Peter Firehock
Alexandria City Virginia (Washington D.C. Suburb) Buy and Hold Investment Thesis
18 December 2024 | 3 replies
Construction has already started, with the first building being completed in 2025.Sources:Foulger Pratt WestEndWestEndInova Alexandria HospitalFirst phase of Landmark Mall redevelopment approved in AlexandriaEisenhower / Carlyle Alexandria: 7.6 Million Square Foot Expansion of the Hoffman Town Center on the Horizon Hoffman Co, the current owners of the Hoffman Town Center on the border of the Carlyle District, have long owned six lots totaling 17 acres in the area that have been vacant to this day, and have long had plans in the works for a revolutionary vision for the Eisenhower East Neighborhood.
Fakaradin Floyd
Advice on my STR pitch and overall Rental Arbitrage advice (Alexandria VA)
30 December 2024 | 89 replies
I understand the downsides (well not all of it since I am inexperienced) but just like LTR I believe there are risks with any form of investment.Thank you so much for the reply, I see I didn't know it was mumbo jumbo I thought it was "professional" formal talk I wanted to give off the impression of some form of professionality to build a rapport but you're right I should be more straightforward but I want to first ask if they're open to corporate leasing because I will be hosting via my LLC and since I'm going to most likely advertise towards Travel nurses it wouldn't only be on airbnb but on different sites like furnished booking so I wanted to leave it a bit ambiguous so that it can start a conversation rather than have it limited to only being seen as just another airbnb pitch.
Andy S.
Security Deposit Account in NJ - Do I include account number in lease
9 December 2024 | 2 replies
After the lease is signed, you can open the security deposit account and then provide the tenant with a formal notice that includes the account number, bank details, and interest rate.This notice can be a simple letter or email, which should meet NJ’s requirements without needing to amend the lease or have the tenant sign it again.