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6 December 2022 | 2 replies
Here's the situation:- I found a good investment property (lake front, small cottage) for short term rentals - $350,000 offer was accepted - My partner has the 25% down payment, most of which is gift money from a property his mother recently sold - Neither of us can get a conventional financing loan right now (need to file 2022 taxes first) - We found a non-bank lender that doesn't ask for tax returns, but they do look at bank statements and will see that the money is a gift, and because they only loan for investment properties, gifts are now allowed - So, we're looking for a new lender... any ideas?
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7 December 2022 | 3 replies
Doing some shopping to get some more capital lined up for 2023 with hopes of flipping and doing some BRRRR deals.
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29 December 2022 | 10 replies
I'm looking for a fixer-upper in this price range to attract these kinds of tenants you can be my one stop shop assuming my range is reasonable.
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8 December 2022 | 3 replies
Went through the Short Term Shop.
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23 December 2022 | 57 replies
You can also use “Buy Nothing …”, thrift shops, etc to reduce cost but these options often take more effort and time (but a great find on Buy Nothing feels great).The average SFH (I recognize yours is a duplex and not SFH) LTR rent increased $700/month in San Diego in the last year.
8 December 2022 | 1 reply
You will have to make up a lot of ground with the garages to get to your rent income of $2,200 a month.This deal could work and I would consider it if shopping in your market.
20 December 2022 | 6 replies
Hi guys, I have read a some of your books and watched some of your videos, but right now, I am feel so bad. let me present myself, I just got in the US 9 years ago, I bought my first house in 2016, single home 3 bed a...
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5 December 2022 | 4 replies
The photo is an example of shopping process for one of my Interior Design clients who was doing a renovation to refresh the home they purchased nearly a decade ago.
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10 December 2022 | 37 replies
I was told I was crazy to set up shop in the Cleveland markets 10 years ago, well how wrong they all were. 20 -30% net caps on top of the double, triple or more in value.
7 December 2022 | 7 replies
As you look, make sure to shop lenders and find what financing options will be best for your situation!