George Frye
Good sources for Multi Family Financing
24 October 2018 | 7 replies
Can anybody recommend a bank, credit union, or financing that will work with a 2nd?
Allyssa McCleery
purchase checklist creation
16 October 2018 | 0 replies
Needless to say, I messed a lot of things up.Some things I know for next time:-make sure to include security deposits credit and prorated rent credit in the purchase contract-make sure to keep all addendums that may be needed saved on computer for quick access-get all the necessary documentation for rehab funding from the contractor before going into contract on the property (my lender needed his insurance, workers comp, experience, etc. and I was not able to get rehab funded in the loan because the contractor would not send this to me and it was too late for me to find another contractor)-check that title has gotten the documents correct before they are sent over to the seller-take pictures of the house during the walkthrough for insurance purposes-check for flood zone early on -give yourself a realistic timeline for closing-check reviews on title company before choosing oneDoes anyone else have any recommendations?
Patrik Kusek
Suggestions on how to plan for repairs and vacancy on multiple pr
16 October 2018 | 2 replies
I can handle multiple vacancies and multiple major repairs all at once without touching my regular income, credit cards, or savings.Your reserve may also take into consideration your personal finances.
Matt Smith
Small Town Duplex; Big Time Cash Flow
28 November 2018 | 8 replies
Find value that others have overlooked. 5) Prepare an offer for the seller to finance, and/or find some way to leverage having the property start paying for itself by leasing it asap.
Tony Rodriguez
Quitting my 9-5 soon and looking for banks that refi without W2
18 October 2018 | 30 replies
Does anybody know if small banks, credit unions and the like have these types of products and are pretty typical?
Brian Webb
Which path would you take to a HELOC in my situation?
17 October 2018 | 5 replies
A few options that I have researched are: Personal Line of Credit, HomeStyle Home Renovation Loans and 203k loans, but I’m sure there are other options that I am not aware of.
Aaron Harren
Thermostat control in a rental here in MN
8 November 2018 | 8 replies
Look into it first and be prepared for upset tenants.
Huey Martin
Cash purchase then refinance
16 October 2018 | 5 replies
I’ve been following the forum to build my knowledge as I prepare to purchase my first investment property.
Mark Hong
Minneapolis Zoning Restriction
24 November 2019 | 10 replies
Be aware that just because zoning allows up to 1 more unit, building code may not make it possible so come prepared with some knowledge of how/where the unit gets added.
Isaac Stallworth
Newer investor looking for advice on next rental Aquisition
17 October 2018 | 3 replies
There are stated income products with reasonable rates that do not require Tax Returns to be submitted they are more so based on the property and credit score