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15 March 2021 | 3 replies
The research it’s time and cost consuming,and a lot of property’s can be redeem , right before the auction.If you pay for a title search on so many properties ,that cost can go up really fast.I’m trying to find a different way other then a title search or county records (like an online website )more cost effective and time efficient to do those investigations.Any suggestions are much appreciated
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19 March 2021 | 20 replies
If couple 2 looks good on qualifications, and has a good report from previous Landlord, I would opt for them.
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19 June 2021 | 104 replies
ACH regulations give the consumer an option to dispute fraudulent charges and reverse payment.
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16 March 2021 | 0 replies
Purchase price: $67,000 Sale price: $80,000 Bought this property from a wholesaler. decided to opt for a quicker turnaround time since we had some other flips going on with higher profit margins.
18 March 2021 | 19 replies
Evictions are costly, time consuming and stressful.
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17 March 2021 | 1 reply
Even simple rehabs, like painting are time consuming and can be draining.
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17 March 2021 | 9 replies
The fact that you have an income generating property, no "consumer debt" like credit cards or car loans, no student debt (I'm assuming) and you have an income, this should qualify your for conventional financing.
25 March 2021 | 18 replies
We were just action oriented and even if we lost money, we treated these units as a mini pension, so when we pay off in next 20 years, it’ll just pay us a steady flow of income vs. us wasting money on consumer stuff since we are natural spenders.
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17 March 2021 | 1 reply
For various reasons, according to Zoning, options for getting my current design approved include: 1- getting a Raze permit2- applying for an exemption with the zoning board3- make it a 3 level building with the three units in the front, and then add an additional structure in the back as the fourth unit to utilize the remaining lot occupancy space on the property 4 - going from a 4 unit design to a 3 unit design, expanding the the third unit height and creating a loft/ mezzanine to add more bd/baThere are cons associated with each option:1 - process is time consuming and costly. 2 - process is time consuming, costly, requires neighbor support, uncertain. 3 - adding the structure onto the back would require having each division re-review/approve the design plans again.
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17 March 2021 | 1 reply
I opted for personal financing and selected a conventional loan product for the lower and moderate income census tract.