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6 September 2018 | 19 replies
Were you able to secure a long trail of historical rent rolls before purchasing?
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6 October 2022 | 40 replies
I dont know if there are discounts at the volume you are looking for but you'll see advertised prices under $1500 for packages from lowes and home depot
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5 September 2018 | 5 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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5 September 2018 | 5 replies
Also, worst case scenario is if you leave secure job, and lose your $80k in BRRRR.
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13 September 2018 | 9 replies
If you want to invest, do it after you secure your home.
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5 September 2018 | 3 replies
If you do not have a track record then you may need to figure out what you can do to help provide a little more security.
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5 September 2018 | 2 replies
Defrauding the government= fines and prisonFHA is securing the loan...not originating it.
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11 September 2018 | 42 replies
In April, I was approached with a large package deal of 15 units.
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16 September 2018 | 8 replies
In a training program I did I was taught to estimate costs at 50% of gross income when analyzing the financials, but after looking through dozens of marketing packages I have only found 3 where reported expenses even approach 40% and most are around 30% or closer to 20% of the operating income.
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12 September 2018 | 14 replies
Always use a warranty deed to avoid any issues with the tittle insurance when transferring tittle.Also, Ive recently learned Fannie Mae allows transfer of tittle to an LLC without accelerating the note...Fannie updated their servicing guide to state:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:· A transfer of the property to a limited liability company (LLC), provided that § the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).