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21 March 2024 | 6 replies
You will likely have to earn their trust at first so I wouldn't expect to have a lead after your first meetup but going there consistently and demonstrating your capability can lead to a deal funnel over time.
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21 March 2024 | 6 replies
i'm in hopedale MA. i use rentredi for tenant payments. no complaints, simple, i like it. a BANK that also offers rent collection seems over the top to me. i'd rather keep using my small local bank. i also don't keep security deposits because the laws in MA re: how they can be used are so insane that i'd rather just not deal with it.
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22 March 2024 | 7 replies
That includes their fees, the rent payment and any bills you may have.
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21 March 2024 | 16 replies
One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊
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21 March 2024 | 0 replies
.- When do the payments start and endThis is a little tricky for some real estate investors to understand.
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21 March 2024 | 8 replies
For a house hack with a first time buyer most will use a fha loan which allows for a 3.5-5% down payment.
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21 March 2024 | 4 replies
If so, can I just have them record a single sale, and then file the deeds of trusts as liens at the courthouse on my own to save all the fees later?
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19 March 2024 | 3 replies
Does the heloc still account for the down payment?
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21 March 2024 | 24 replies
You have no appreciation upside potential.I believe they haven’t missed a payment since they started in 2007 or 2008.