Raju Balakrishnan
Navigating the Fannie Mae's HomeStyle Renovation Loan: A Personal Jorney
29 January 2024 | 2 replies
Many borrowers end up refinancing out of these loans to secure lower interest rates, especially given the initially higher interest rates associated with this type of loan.
Zachary Stanley
Do some people just have "it". Whatever "it" is...
29 January 2024 | 29 replies
I was completely overshadowed by my Ex who was a strong Type A personality.
Michael Campbell
Duplex Loan Approval
28 January 2024 | 5 replies
You may want to structure this as an LP or JV type of a relationship if you require another investor to take care of the down payment.
Sateesh Kumar
Passive losses advantageous for Roth conversion?
29 January 2024 | 8 replies
Take building, divide into property types (5 year, 15 year, and 27/39 year), then recalculate the depreciation.
Michael Trocchia
99% of lenders CANT give you a straight answer
28 January 2024 | 3 replies
You should always be able to get a straight answer - but its going to depend on the loan product type - conventional with hard hard and set rules, Non-QM/DSCR these are likely going to differentiate in some ways (including this area) among lenders, so it can be different by lender.Some DSCR Lenders for example are OK with Short Term Rentals which obviously wont have a lease (but may require other documentation like a listing or history).
Jack Ni
Tenant want mold inspection because they feel sick?
29 January 2024 | 16 replies
Some people can have a severe allergy to a certain type of mold that doesn't bother anyone else.
Adam Robinson
If you’re a successful investor, what is your daily schedule like?
28 January 2024 | 4 replies
Other than checking my email and dealing with bills when they come in (in the evening after work) and rent at the beginning of the month, I don't spend a lot of time with them.The two that seem to have the most problems (ie repairs and turnovers) have always been handled by a PM (not because I expected problems-no idea if it is the PM or type of tenant or both).
Jack Lander
Who needs help getting started with wholesaling ?
30 January 2024 | 37 replies
The property appraiser/assessor is the cheapest resource to find the owners of a property.When you pull the county on the site I listed above you can go to the property appraiser and click on “go to data online”it should take you to search page, where you will type in the address.whej you get the property, it should pull up the owner, mailing address and subject property address.also, it should list the sales history and chain of title, where it should mention who they bought it from and how much they bought it for.this ought to help you understand what you have to work with.for example, the last real sale on the picture listed was in 2008 for 325k, so unless there was additional money borrowed on the property, there ought to be some equity.
Hayden B.
Leveraging existing properties
28 January 2024 | 4 replies
Don’t go with investments all over and different types.You might start with a type of investment to build up your cash. .
Michael Hodde
First multifamily deal
28 January 2024 | 0 replies
Purchase price: $190,000 Cash invested: $60,000 Cashflowing Duplex with potential to convert to Triplex What made you interested in investing in this type of deal?