Kaylan Haight
Closing Costs Tampa
27 July 2021 | 3 replies
I don't take closing costs into account when comparing properties, as that can widely vary between different transactions/negotiations.
Robert Freeborn
How do you vet private lenders?
20 August 2021 | 5 replies
But I know private lenders exist, and I’d love to get connect with one (I can see my inbox getting spammed already)Here was the email: “Hello, hope you received it wellWe are private lending company we can get anyone funded.Funding Ranges from $50K - $5M with proof of clearing 10k annually to use for your own investment at 4% interest rate with no prepayment penaltyDuration ranges from 1 - 30Yrs loan terms,No minimum credit check and fast loan as 4 days.
Russell Loving
$80,000 Heloc for Investment Property
19 August 2021 | 0 replies
I have not seen any homes in this price range since the market has changed.
Dale Snider
RV Park - Buy / Don‘t Buy: I need the $250K down payment
15 September 2021 | 11 replies
And, don't forget that some parks will have a "peak" season, "shoulder" season, and an "off" season, all with different rental rates and historic occupancy, particularly if the park is in a location that caters to snow birds.The nature of RV parks can vary across a wide spectrum.
Eric Samuels
Should I shop for a lender or go off recomendation?
20 August 2021 | 10 replies
I also have a family member who’s a real estate agent out of state and recommended I go to a lender they know how does country wide lending (quicken).
Victor Menezes
The Role of RE Agents?
23 August 2021 | 9 replies
99% of real estate agents don't know anything about investing, however, that same 99% of real estate investors don't know what they are looking for when they get started and do make the net too wide by saying things like " find me a good deal" and "I will invest anywhere that cash flows well" so there are errors on both sides.If you haven't narrowed down your towns to 3 or your HOA to be between a certain amount then they might be right, but if you have that all lined up just tighten up what you want and make it easy for them.
Lucian Guadagnoli
Rule of Thumb for Multi Family Unit Square Footage?
21 August 2021 | 6 replies
For our properties, they are typically in the following ranges: studio: 400 - 550sf; 1/1: 650-750sf; 2/1 or 2/2: 900-1100sf; 3/2: 1250-1400sf.
Andy Collins
Accessing home equity options
21 August 2021 | 5 replies
Both properties are on the Colorado Front Range.1bd/1bath CondoValue - $300,000Principal Balance - $80,000Current Rent - $1,200HOA - $180Taxes - $1641Cash Flow - $100/monthTenant Lease End Date - March 20223bd/2bath House Value - $465,000-$500,000Principal Balance - $278,400No HOATaxes - $2,345I feel like the 1031 on the condo would be the most advantageous route, especially since the property doesn't cash flow much and a refi would cause me to break even or maybe even go negative, but understand from some of the BP books that there's limited time to identify and buy properties that route.
Brad Washburn
House Hacking Around Boston
30 August 2021 | 2 replies
I bought mine MF in that range in Malden.
Joanne Tsai
any downside of having only one insurance company?
23 August 2021 | 3 replies
Insurance companies have a wide variety of rules and guidelines.