Deep Ron
Renting to section 8 / housing vouchers
2 April 2024 | 5 replies
It's 10% of income the tenant pays, I believe, so they should meet your income requirement by virtue of holding the voucher.
Samme Chan
Quadplex in Cleveland - I need some real advice. Thanks!
1 April 2024 | 12 replies
Other considerations things to look at include; are any utilities common (like paying for a boiler for all 4 units instead of individual furnaces), how does access/common areas work, do the tenants all have access to laundry, are there any common area utilities (light common area lights, electric or gas for laundry) that would stay in the owner name.
Samuel Metcalf
PMI for the life of the loan? No options?
1 April 2024 | 7 replies
Yes, I'm a noob, but I've only ever heard of PMI coming off once you satisfy equity requirements.
Clint Jusino
What steps would you follow to do a Rehab on a rental property you have just purchase
1 April 2024 | 48 replies
Texas doesn't have a state general contractors license; plumbers, electricians and HVAC are required to have staye licenses.
Steve K.
Is Creative Financing Becoming the New Subprime Lending?
1 April 2024 | 36 replies
Otherwise, I think the main issue is "creative financing" still requires "desperate" sellers, those that have a particular massive "pain" that just needs to be relieved in anyway.
Kelly Wali
1969 manufactured home
1 April 2024 | 7 replies
Some parks require older ones to be moved when they sell.6 - Is it a family or senior park?
Shawn Si
Not the best credit but have decent income
1 April 2024 | 10 replies
There are lending programs where you can purchase 2-4 units with as little as 5% down payment, however, this program will require a minimum FICO score.
Christine Edwards
Can an inspector make me re-pipe the house?
1 April 2024 | 3 replies
It may require having the job pre-inspected to get that determination.Unpermitted jobs will cause you problems when you try to sell the property because the appraisers look that stuff up.
James Yang
Need your help! Buying my first house and need advices on financing.
2 April 2024 | 5 replies
If it's a primary residence (house-hack) you can go as low as 3.5-5% down but these loans typically require the residence to be in a decent condition.
Jeet Sangha
NAR Settlement Explained. What You Need to Know.
2 April 2024 | 9 replies
Similar to signing a listing agreement before listing a house for sale with an agent, a buyer representation agreement is now required when working with a buyer's agent.2.