Nana Ofori
Question about owning an investment property
21 March 2024 | 6 replies
The lender would have had an appraiser issue a opinion of market rate rent for the apartment on your duplex so that's a start on what the rent should be.
Justin Foster
How should I outsource bookkeeping?
21 March 2024 | 8 replies
Pricing - most bookkeepers I know are transitioning to flat rate pricing that includes software costs, based on the complication/volume of your business(es).
Natali Cobb
FHA loans on owner occupied multifamily properties
21 March 2024 | 10 replies
Depending on your situation, PMI may be higher and you may have a slightly higher rate.
Abe B.
Bank Accounts + Landlording
21 March 2024 | 6 replies
It probably helps that I currently have my mortgages through this bank as well because it has had the most competitive interest rates each time I have gone for a loan.
Na Meriel
Complex property transfer to LLC with private mortgage; do I need a title company
21 March 2024 | 4 replies
I contacted a title company to officially record the sale, but they are requiring 3 separate closings (and tons of extra fees) because there will be 3 liens/private mortgages recorded (one is the original mortgage that I want to reassign since the interest rate was very low; the second will be held by my son to my daughter for his portion of the equity in the home; and the third is the difference which will be between my daughter and my other LLC).
Gene Jung
Where is rental demand?
20 March 2024 | 6 replies
In SFR if prices rise supply drops, high interest rates makes cash flow for new investors go away and supply drops.
Scott Alvarez
seller financing and refinance question
20 March 2024 | 2 replies
@Scott AlvarezThere are 3 main parts to a seller financing deal: down payment, interest rate, and price (4th would be the term).
Arshiya Taami
fix and flips still possible in southern california with todays market?
20 March 2024 | 15 replies
Well you cant BRRRR at 7% interest rate in a market that pays 3% Cap Rate on rentals.
Blake McWilliams
Insurance Rejection In Illinois
20 March 2024 | 6 replies
Also check the fire departments ISO rating.
K S.
Becoming a private lender question
20 March 2024 | 12 replies
I was wiped out as second lien holder which got me to thinking about legitimetly becoming a private lender.My question is if I already make 7.5% off a few of my 250k condos, then how does private lenders (not hard money lenders) make money off charging 7-8% returns when they can just purchase condos in cash for the same CAP rate?