G S
MLS / Real Estate Agent Information
15 December 2022 | 10 replies
However if it's showing up on across platforms such as Zillow and Realtor.com then it's active and I would be very surprised if the agent made private remarks that indicated it could not be shown.
James Hamilton
On the verge of my first property!
30 December 2022 | 17 replies
If you have the ability to self-educate and are pretty good at handling difficult situations, then I think you should give it a try.I do not recommend buying without a REALTOR.
Dan McEvoy
Lien on personal residence for investment property
12 December 2022 | 3 replies
Assuming there is no balloon, perhaps you could negotiate the ability to walk the 2nd on your primary to another property.
Theodore Tasoulas
Exit strategy issue - to cash out or not to cash out
14 December 2022 | 5 replies
We would need to open more business cards/lines of credit to do this, and also to have ability to renovate the next place as most current cards are near limit.2) 100% on reserves!
Adam Styles
I'm a rookie but I'd like to team up with investors
27 December 2022 | 6 replies
This is 100x more true because you're a rookie.The value you bring might be in the form of capital, experience, access to deals, the ability to put in a lot of work, social media expertise, accounting expertise, marketing expertise, etc., etc., but you have to bring SOMETHING to the table--and you have be VERY clear about what that thing is, so potential partners see a reason to partner with you.
Kristian Kotov
Advice on Looking for Commercial Lender for a 5-Unit Building?
10 December 2022 | 17 replies
Your cost to entry will be lower, your rate will be lower by a third and your ability to manage the property because you live in it will be way easier as well.
Stefan Hirniak
LLC loans impacting DTI
26 December 2022 | 14 replies
I am buying a new construction primary in May and hoping for some advice prior.I have a relatively high DTI due to 7 other other conventional loans and my broker advised that a new investment prior to closing might impact my ability to close.Our goal is to do an MTR on the new property and I understand we can’t count the income towards my ratios (since it won’t be on a tax return) which is my main concern.I am wondering if buying the property in an LLC will help with the DTI issue.
Ryan Wilkerson
Continue w/BRRRR or flip
7 January 2023 | 21 replies
At the end of closing, the cash we got back limit a little bit our ability to repeat this process.We have over $200k of equity on our primary residence after paying off our Heloc.
Jennifer Klein
How to Handle a Tenant Breaking a Lease
8 December 2022 | 4 replies
If I misunderstood and she's only paying you 3 months and keeping the rest, if y'all sign a termination agreement, that should give you free and clear ability to look for another tenant immediately and through end of March while already having the income from those months.If she truly is willing to pay 3 months of rent to leave, going through eviction wouldn't do anything for you financially, however it would show up on her record so other landlords know (you took one for the team).There's definitely other creative options to work through this situation with the tenant if you want to send me a PM to spitball a few
Jake Warren
STR mobile home, is it worth it?
12 December 2022 | 15 replies
Owning a mobile home should not affect your ability to buy a LTR from a lending perspective IMO.