Zach Simpson
How did you invest without your own money?
8 September 2018 | 2 replies
@Zach Simpson personal loan or HELOC for the necessary cash, hard money lender to fund the remainder, refinance everything back out, pay off both loans, and voila!
Drew Y.
Flipping to support my buy and holds habit
26 September 2018 | 26 replies
Although i have reasonable amount of cash to get this business off the ground, i just struggled to get the numbers to work (ie sufficient cash flow from buy and holds to support my life without a W2 job).
Maxwell Manatt
Diving deep into the month by month numbers
11 September 2018 | 10 replies
We will raise 9 months of principle and interest reserves (along with the funds to close and Capex) but I want to have a clear picture of what each month will look like so we can plan for any weak spots up front.I am not an Excel wizard so if anyone has a tool they can share for this type of budgeting that would be spectacular.
Aaron Proctor
Don’t know what to do next
18 September 2018 | 9 replies
Then utilize the HELOC to help fund the down payment on your second (new) property.
Dave Atwal
Protection against Tenant Lawsuits
10 September 2018 | 15 replies
I would not be in the least bit concerned but if you are you should pull out all the equity from the properties.Invest it in a REIT or income fund and it should easily will double the return it is presently earning.
Tim Lyons
Is Section 8 really that bad?
9 September 2018 | 17 replies
Protecting their credit score is sufficient motivation for most high credit score tenants to play by your standard lease rules.Low income tenants are playing by different rules.
Raimel Diaz
Buying a bank owned property without access.
6 September 2018 | 4 replies
I'd assume they will require EM via wire transfer and proof of funds as well.
Alex Whittow
Switching Primary Residence from Home Possible to FHA
27 November 2018 | 10 replies
Even with forced appreciation through rehab, it’d be difficult and you’d have to fund it yourself.
Bud Dwyer
Best way to fire a Property Manager
7 September 2018 | 3 replies
I would take a look at your management agreement there may be a termination clause and possibly termination fee I would also take a look and see if there is a 30 day notice required I think probably something in writing should be sufficient but again verified by looking at your contract
Daniel O.
Suggested REI-friendly areas in Washington State?
13 November 2018 | 29 replies
., including things like the reserve fund for each property that's just sitting there, amortized cost of legal, accounting, insurance, etc. for the overall business, inspection, loan fees, closing costs, rehab, holding costs, etc.).