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25 March 2024 | 3 replies
The only way you're really going to know if you fully qualify with keeping your current primary (to turn into a rental) is to talk to a lender or mortgage broker and see what's possible.
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25 March 2024 | 3 replies
Have a co-signer to be able to buy the property since I’m still able to afford paying the mortgage even with the initial negative cash flow.
25 March 2024 | 4 replies
Arranging financing, forecasting cash flow (it's not "rent minus the mortgage"), managing contractors, managing tenants, managing property managers, dealing with permits and city inspectors - it's a lot more than the average person realizes.
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24 March 2024 | 2 replies
One tip that I use is to reduce the useful life by 25% vs what’s noted online.
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26 March 2024 | 40 replies
The script that worked before doesn't anymore so need to tweak it lolAlso, online lead gen but it's pricey at $3,000 - $5,000pm for the campaign and for a small company like ours that's more than 50% of our revenue 🙈
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25 March 2024 | 6 replies
I would recommend working with a lender or mortgage broker who has an NMLS license.
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24 March 2024 | 1 reply
Hi everyone, stumbled across this site tonight online looking for contracts lol looks very useful so I signed up!
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24 March 2024 | 3 replies
But here I am, trying to put a really strong offer in on a home and I’m not sure if I should go in with the mindset that it’s a 3b/2ba 1,895 sq ft or a 4b/2ba 2,055 sq ft… Seeing as I’m going to rent this one day, if I myself decide to get it assessed/permitted as square footage (which I don’t know how much of a pain it truly is), I ran some rent estimators online (RentCast.io) and the rental comp differences between those two scenarios is about $2,275/monthly vs. $2,600/monthly, which is huge!
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24 March 2024 | 6 replies
If you're just buying 1-2-3 a year to me way too much of a time waster, to save you and your agent time.I'm guessing by what you mean is the access to the Seller's disclosure and any info posted online by the listing agent?
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25 March 2024 | 0 replies
Brokers with exceptional communication, negotiation and experience will be at a premium, especially those with finance or mortgage experience for creative structuring and/or established relationships with listing brokers.