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21 January 2025 | 4 replies
Fannie mae allows you to transfer your loan into an LLC, but it is recommended that you speak to your loan servicer and ask that if they themselves will allow you to do so.
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28 January 2025 | 15 replies
Hey Isadore, Send the tenant a notice of non-payment and have the tenant go down to their local public housing authority office, HRA, or Department of Social Service office and provide them with the notice.
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17 January 2025 | 4 replies
Are there specific lenders or servicers that are more likely to call these loans?
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20 January 2025 | 10 replies
I have a client in KC that rents a large home in the urban core to a social service org in the area that feed him tenants.
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23 January 2025 | 5 replies
First all, thank you for your service and kudos for making that sacrifice to househack it's definitely paid off!
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7 January 2025 | 8 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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21 January 2025 | 2 replies
DSCR loans go up to 80% of the purchase price and depending on the Debt Service Coverage Ratio and your credit score you can expect rates on a 30 yr loan ranging from High 6%- Mid 8%.
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8 January 2025 | 5 replies
Just focusing on the passive income you want to achieve will leave you chasing cash flow which will have you buying properties in worse areas with harder tenancies that seem to cash flow better, but will have large cap ex.Any time someone asks a question about where to invest and it can be anywhere, they aren't ready to invest and are opening themselves up to every pitch in the world on an area.
17 January 2025 | 5 replies
After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.
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22 January 2025 | 16 replies
That person is responsible for anyone one else that comes into contact with your property.I suggest using a service like Mayistay.