Daria B.
UBIT? does it apply 4 SDIRA lending
6 October 2018 | 6 replies
They currently want to refi and pay off original investor that got them through the purchase and rehab.In walks my money SDIRA (not a ROTH so all tax deferred) to refi and also partner on holding the investment for rental income.Anything can happen even though it’s rehabbed with a home warranty - all expenses are 100% on the investor side (my IRA) which means if additional money is needed that the rent does not cover, my IRA will have to pay the expense.
Alessandro Storniolo
Can anyone offer some in sight about owner financing?
27 September 2018 | 5 replies
If you are putting a tenant in there are selling it to someone else, the you need to be able to cover the payments if the tenant doesn't pay for a while.
Lee Lewis
Hello! CA based, seeing out of state investment opps
30 September 2018 | 10 replies
I just had a wonderful experience with an agent named Dave Marshall who covers Southern Maine.
Chris Keator
[Calc Review] Help me analyze this Phoenix AZ Townhouse
28 September 2018 | 6 replies
The HOA is 127.50 a month (lower than most HOA's in this area) and it covers Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Garbage Collection; Common Area Maint; Street Maint.
Erik Jenson
Any foundation experts out there?
27 September 2018 | 0 replies
It's really old and was not put in by the current owners so I don't believe its an intentional cover up.The inspector says the foundation doesn't make him nervous, but of course that's one person's opinion and people do miss things.Considering having a structural engineer take a look as ripping out the floors in the basement is out of the question.Any thoughts or suggestions?
Brian Schwarzkopf
Using Tenant's deposit to cover rent in early termination agrmnt
28 September 2018 | 4 replies
Hi Everybody!My tenant asked to be let off of his lease 2 months early and I decided that I want to sell the property so I offered them the deal that if they paid 1 of those 2 months (~$1700) and allowed us to start m...
Anne Williams
AGENT SUGGESTS I OVERBID AND SEE IF HOME APPRAISES THEN NEGOTIATE
2 October 2018 | 44 replies
BUT the buyer came in with a $63K down payment, so I also knew that that amount would more than cover the difference.
Adrian Cartis
Hello from Elmhurst, IL
4 October 2018 | 13 replies
That's fine, I can blame the system and wait 3 more years or so, or I can use hard money to finance 85% of the purchase price + use available funds from my 401k to cover the downpayment.
Corey Perdue
Form of house hacking??
27 September 2018 | 0 replies
opinion.In a very general overview, I current own my home with a mortgage payment around 1150 and have done a comparative market analysis on the rent in my area and they are anywhere between 2000 and 2750.With that being said, I have been entertaining the idea of renting this house out and down sizing/grading a bit and purchasing another home to live in.Essentially, estimating this on the low conservative end of the spectrum from my "due diligence", it appears as if I rented this out I could cover my mortgage for my current home and then also cover the mortgage on the new primary residence.What are your guys' thoughts on this?
Sergio Aguinaga
rental steps questions
28 September 2018 | 2 replies
Note: I am aware of online applications like cozy that makes sure they fill out and pay their background/credit check but the applications for those types of software doesn't cover everything I want to ask and Brandon suggested paper applications is the way to go so it being my first rental I'll follow his advice on that but I just need a robust way of doing it.3.