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14 May 2018 | 0 replies
This letter was presented to our group from xxxxx and we appreciate his time to help with this issue.The City of Hagerstown staff is proposing to change the Rental Registration ordinance and make it even more restrictive then it currently is.
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4 June 2018 | 10 replies
A general rule of thumb is 90 days at 90% occupied, but again, I would hold on to the seller finance as long as possible.If you are buying out the seller completely when you do eventually refi, yes, you will need to have some equity (whether that's your own, or another private investor / partner).
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19 June 2018 | 10 replies
I didn't know if it was some hard and fast rule that I hadn't heard of before.
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14 May 2018 | 0 replies
I have posted a few times and I will admit that I have not read all the rules so I am going to post carefully.... hand one "flagged" in the past but no understanding as to why.I have been investing in RE for many years in a passive nature but just sold a couple of homes that were deprecated out and made some good money and thought.... if I had only had done that x 10 I would be set.I recently attended a $250 3 day event after attending a free 3 hour event.
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18 May 2018 | 10 replies
I follow exactly the rules that @Brandon Turner suggests which is the %70 rule or even %75 rule which is: Buying at %70 of the ARV - rehab costs.
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19 May 2018 | 6 replies
@Garry DeFilippisIn my area I will not look at any property that doesn’t at least meet the 1% rule.
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15 May 2018 | 3 replies
There are restrictions on the amount that you can sell a home for above purchase price with an FHA loan.
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16 May 2018 | 8 replies
However, as long as you aren't breaking the cardinal rule of overspending on your purchase, you "should" be fine.
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21 August 2018 | 20 replies
Most times when you buy turnkey you are buying with negative equity because you're buying in areas where investors are taking over predominantly owner occupied areas for the 1% rule.
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16 May 2018 | 6 replies
@Anand Sankhe I normally use a simple rule of thumb for this type of decision.