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26 August 2018 | 10 replies
Wilkinsburg and Reagent Square (at least what some people on the MLS call Reagent Square) can vary wildly from street to street.
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20 August 2018 | 3 replies
Hi - completely new to the game of rental real estate.
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12 September 2018 | 3 replies
Judging from the first few pages of the beginner's guide, I think we're looking at possibly doing some buy and hold strategies on single family homes and duplex/triplex/quads, since we both love our jobs and aren't quite ready to jump into the real estate game full time.The amount of information to read up on and understand is dizzying, and I have never so much as held a mortgage of my own.
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20 September 2018 | 8 replies
I got pre approved with a lender that requires seasoning but since I already have gone through the initial hard credit inquiry I believe There Is a 3 month time frame when I can “shop” around for other lenders without triggering a secondary hard credit inquiry is this correct or does this vary through the lender as well?
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21 August 2018 | 6 replies
1 - DSCR just shows the lender the property can sustain itself and the rents cover the debt2 - Terms vary but will typically be 5-10 year ARM on commercial loans3 - 20-30% down is standard depending on the deal (SFH vs MFR) etc.
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20 August 2018 | 1 reply
For the most part it doesn't matter and is purely a numbers game, but you will probably have less competition if you avoid the absentee owner lists as that is seemingly everyone's first stop.
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28 August 2018 | 68 replies
There must be a reason why.Rajah your quite amusing... this is an investor buying a property.. the other lady is trying a sales gig she never did before apples and oranges.. we buy property at auction most every week.. its the name of the game.
21 August 2018 | 14 replies
Dude, you already know the most complicated part of this game.
30 August 2018 | 63 replies
It is a slower game but is fairly safe and provides you a place to live, build equity and learn to be a landlord since the tenant is next door.NOTE: You can refinance the duplex and get out of FHA financing later
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21 August 2018 | 5 replies
So you now need more skin in the game with guarantees of the lease,rental increases,etc. as it affects a larger portion of the building now.No legal advice given.