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Results (10,000+)
Jay West Identify type of RE investment
5 September 2018 | 2 replies
The securities laws require any publicly-sold securities to be registered, which is an expensive process.  
Cody F. 41 unit apartment complex, HELP!
6 September 2018 | 19 replies
Were you able to secure a long trail of historical rent rolls before purchasing?
Rochelle G. Good vs Bad Property Management?
5 September 2018 | 5 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
Isaac Martinez Police Officer Retirement Decision
5 September 2018 | 5 replies
Also, worst case scenario is if you leave secure job, and lose your $80k in BRRRR.
Nancy Lucca Better to buy out of state and rent it out or buy a place for me?
13 September 2018 | 9 replies
If you want to invest, do it after you secure your home.
Matt Scallions How do I ask a family member for investment money?
5 September 2018 | 3 replies
If you do not have a track record then you may need to figure out what you can do to help provide a little more security
Steve S. House Hacking - Can I do this with an FHA loan???
5 September 2018 | 2 replies
Defrauding the government= fines and prisonFHA is securing the loan...not originating it.
David Zheng My biggest deal ever... and it went bust. (sort of)
11 September 2018 | 42 replies
So here's a rough number breakdown. purchase $1,500,000Loan Amount 1,300,000Rehab+holding+closing costs $115,000ARV 1,900,000new Loan (20 year, 6.25, 5 year)- $1,560,000Cashout portion- $260,000Cashout- FFFF (friends, family, facebook friends)= 10,000Money in deal = 45,000Rental Side of Things (by month)Current Income- 27,000/m (Proforma is 31,500 since I had to rush rent out)Expenses-  (Utilities, Taxes, 25% Vacancy/Management/CAPEX, insurance, etc)- 12,500/mDebt- 11,400/mNOI- 3100/mSomething like that at leastFor the other questions that may pop up:I self manageI doubled my portfolio in one dealI was my own GC for the projectI still have a full time job in securities tradingI worked 110 weeks for 2 months straightI am burnt outI hit a lot of roadblocks including getting sued, vandalized, robbed, and threatenedI had a lot of physical blackouts and emotional breakdownsMy outlook in general on people is definitely more negative However I am also ready to move onThis post was very much to speak on an experience and tell a story. 
Jaran Ramsey Lender advised he cant close under an LLC
12 September 2018 | 14 replies
Always use a warranty deed to avoid any issues with the tittle insurance when transferring tittle.Also, Ive recently learned Fannie Mae allows transfer of tittle to an LLC without accelerating the note...Fannie updated their servicing guide to state:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:· A transfer of the property to a limited liability company (LLC), provided that § the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).
Ryan Hansen Issue Transferring a Rental Property to our LLC
7 September 2018 | 14 replies
Actual Lenders Title Insurance states;CONTINUATION OF INSURANCEThe coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.