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16 July 2024 | 18 replies
You must collect the rent every month .
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17 July 2024 | 1 reply
These efforts significantly increased the property's market value, leading to a successful and profitable transaction on the same day.
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19 July 2024 | 7 replies
The Fair Housing Act may not apply to the following types of housing in some cases:Owner-occupied buildings with no more than four units,Single-family housing sold or rented without the use of a broker, andHousing operated by organizations and private clubs that limit occupancy to members.Again, talk to HUD and see if you are exempt, then you can put this entire issue to bed.
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18 July 2024 | 0 replies
Sometimes they are paved with desperation and diapers.As Spring lockdown turned to Summer distancing and cabin fever became the new great malady, my wife told me how she’d heard a story about people wanting to rent RV’s and invade the outdoors.
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19 July 2024 | 4 replies
People saved money, bought a house in a neighborhood they liked, rented it, and held onto it forever.
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19 July 2024 | 3 replies
Make sure your rents support the property while you wait and that you have a view that is further out than 36 months.
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17 July 2024 | 0 replies
These efforts significantly increased the property's market value, leading to a successful and profitable transaction on the same day.
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19 July 2024 | 53 replies
They wouldnt do the deal because I don't own my primary residence.... seems odd to not lend on a 1.4 DSCR property700+ creditI've been a landlord for 6 yearsThis is my second BRRRRMake $100k per year.I dont own my own residence because I moved from Pa. to Fl. and am renting until I find an area to live more permanently.Luckily the asset and my personal finances were enough for other "asset based" lenders to do the deal, and Lending one lost out on future deals.
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18 July 2024 | 4 replies
We hope to have paid-off 5-10 small multi-family properties in the Tulsa area by retirement age that should supplement our 401K's and Social-Security income.Area: West Tulsa (blue-collar neighborhood)Property Price: $360KAverage rents: $3000-$3200 (duplex)Has anyone heard/worked with Marc Ruiz in Tulsa?
14 July 2024 | 3 replies
Hello,Trying to runs some comps on comparable properties to figure out what I should rent out my primary residence for.