Dave Allen
Wife on mortgage with her parents on a rental duplex blocking FHA loan
21 May 2024 | 3 replies
The loan we were applying for is an FHA, which stipulates we must provide a signed lease for our half of the duplex (to be newly rented out) but for the other half which the parents "own" (in reality all three are equally owners of the entire property.) we would need to provide proof of rental income on our tax return, however her parents claimed that so we seem to be SOL.The mortgage is covered, we can rent it out no problem, but the underwriter is saying on paper it looks like she is responsible for the whole duplex and the rent for half of it is unreportable.
Jade S.
Cardone Capital...anyone looked into this?
20 May 2024 | 177 replies
Also lower minimums on crowdfunding sites and more experienced general partners.
Kevin Guild
Neighbors trees overhanging property lines
22 May 2024 | 8 replies
We had a tree on another property blow down in a storm on our property… it would have been deemed not their fault and we would have to turn to our own insurance if a claim was required).That’s how I understand Florida does it.
Marco Torres
What is your view on starting rental property investing in Nashville, TN?
22 May 2024 | 8 replies
Our market extends beyond Davidson county into the different orbiting suburbs.
Manuel A.
Steps to "flipping" a new construction for New Investors
22 May 2024 | 6 replies
I refresh our lots list every few weeks and look at infill lots by price per acre, density allowed, new build average price and price per square foot, deliveries per year, etc as a driver for it.
George Duchatelier
Revocable Trust and LLC question
21 May 2024 | 14 replies
We have a revocable living trust already, but our rentals are in our name.Now, for asset protection, I would like to form an LLC and move the properties to the LLC.
Chris Mason
$4m Los Angeles Shopping Center 6% Cap Rate Acquisition - Financing Survey/Review
22 May 2024 | 0 replies
The mortgage terms might be a little better if the buyer got the big sexy national tenant with 17 years left on a NNN lease, but that's not our scenario. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical.
Craig Smith
Trying to decide between go high level and podio
21 May 2024 | 1 reply
Would use smrtphone for our phone system.
John Anselmo
Noob looking to grow my brain and portfolio.
20 May 2024 | 2 replies
Welcome to the site @John Anselmo!