
18 July 2024 | 3 replies
This was not unique to a specific lender but some made the process easier then others for sure.Anyway, I am now approaching 75% LTV (based on initial purchase price) for the last investment property with PMI so I reached out to start the process and was denied with no explanation.

19 July 2024 | 12 replies
It's supposed to ensure there are no surprises after closing.

18 July 2024 | 7 replies
I have some Section 8 rentals; no, I have never had this happen.

18 July 2024 | 0 replies
Owners cannot get them out and have no support from the court system.

14 July 2024 | 4 replies
Hi BP,I’ve got a mixed use property I’m looking at that has zero Comps. Because it’s commercial on the bottom and mixed use on top, I’ve got nothing to compare it to. Any tips?Thanks

19 July 2024 | 16 replies
Both are great locations for STR’s and as you know are zoned vacation so no legal issues.

17 July 2024 | 11 replies
Basically if you're in the upper credit tier it's not too difficult, and no sense in paying someone to do it.Regarding the company, I've been following the misc posts for a while, everyone does say starting out it uses your personal credit to start, then they open business lines.Personally for RE, I don't see it as a great model.

17 July 2024 | 9 replies
- After-repair valueThe above list is by no means exhaustive, but those are definitely some key points that lenders will want to understand.

18 July 2024 | 1 reply
But my second answer is that if you are able to “go it alone” from a directional control perspective you will be much happier, and can operate lean where there is no counter arguments to be had with a partner.

17 July 2024 | 1 reply
That's why it's not selling.In most markets, your Maximum Allowable Offer (MAO) to a seller should be no more than: MAO = (70% * ARV) - Repairs - Wholesale_Fee MAO = (0.7 * 290K) - 40K - Wholesale_Fee MAO = 203K - 40K - Wholesale_Fee MAO = 163K - Wholesale_Fee - OR - MAO + Wholesale_Fee = 163KSo, you'd need to get this under contract with the seller at under $163K to make any money at all as a wholesaler.At $200K you're NEVER going to get any interest from experienced rehabbers.This is also why you probably got no resistance or pushback from the seller.