There's a lot of info in this community!

It was saying due to rising construction costs that a minimum point of profitability is developers need to hit at least 2,000 rent in month per door to make it work otherwise they do not build.Suburban communities tend to not want new apartments around anyways.

Hello Houston Biggerpockets Community,I am currently on the hunt for a mentor in Houston that has experience with Multifamily units, preferably 10+units.

Looking at the Fannie Mae website, I found the following requirements:Cash-out refinance transactions must meet the following requirements: The transaction must be used to pay off existing mortgages by obtaining a new first mortgage secured by the same property or be a new mortgage on a property that does not have a mortgage lien against it.Properties listed for sale in the six months preceding the disbursement date of the new mortgage loan are limited to 70% LTV, CLTV, and HCLTV ratios (or less if mandated by the specific product, occupancy, or property type – for example, 65% for manufactured homes).Note: Properties that were listed for sale must have been taken off the market on or before the disbursement date of the new mortgage loan.The property must have been purchased (or acquired) by the borrower at least six months prior to the disbursement date of the new mortgage loan except for the following: There is no waiting period if the lender documents that the borrower acquired the property through an inheritance or was legally awarded the property (divorce, separation, or dissolution of a domestic partnership).

It seems that everyone in the real estate community across the nation (I've been licensed now in 4 states) has SOMETHING to say about an agents role, knowledge, skills, accessibility, longevity, and most importantly compensation.Here are the facts.

Heard great things about this site as well as great things about the community here and the people involved!!!

Hello community!

Where Saved MoneyThe CabinetsWe used the base product line by Wolf called Wolf Classic.

Welcome to the community.  

The lower you rate the harder a rep has to work to find products to match your qualifications.