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13 July 2024 | 22 replies
Tyler has delivered and his team have provided the best mentorship experience to date.
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13 July 2024 | 5 replies
.- Closeout and overstock stores: Places like Floor & Decor or local overstock outlets can have great deals on flooring and other materials.When choosing between Home Depot and Lowe's, keep in mind that both offer price matching, with Home Depot often providing an additional 10% off.
12 July 2024 | 1 reply
You should be able to get a 75% loan against your current property.
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12 July 2024 | 3 replies
Please find some details belowAcquisition fee - 5%Asset management fee - 3% of gross incomeconstruction & oversight mgmt fee - 5% of rehab budgetdisposition fee - 1.75%guarantor fee - 2.5% of loan amountPref is 10% with 60/40 split unto 15% IRR and 50/50 there on.This is my first deal in the RV space so not sure what's the norm, so would really appreciate some guidance/feedback. # of fees looks standard but the % are slightly higher than what I have seen in the past (1-3% being normal).
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10 July 2024 | 16 replies
Yes, I am making sure that the loan officer I am comfortable with the loan officer I am working with and they are open about everything.
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14 July 2024 | 7 replies
One of my strategies will be to put money into energy efficiency to decrease heating costs, and increase my cash flow - Maine has some good loan programs/rebates that can really help tighten up a building, and finance efficient heating, so I'll be taking advantage of those.
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13 July 2024 | 7 replies
They moved in prior to my purchase of the home, so I did not do that and the last owner did not provide anything.
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12 July 2024 | 12 replies
My fiancé and I are open to investing out of state and are actually in a trip in Texas to check out real estate see how we like the idea of staring a family here.Our Starting Point (Conservatively)- Located in Camarillo, CA- 120k portfolio in the stock market subject to short term capital gains with a potential tax bill of 15-20k- Current W2 monthly income after taxes: $7k- Side hustle 1 income: $200 month ($200 in profit)- Side hustle 2 income: $1400 revenue ($0 profit) - debt at 29k- Current debt: $47k (Auto: $29k Student Debt: $18k)*the auto loan doesn’t show on our credit for some reasonHow would move forward in our situation?
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12 July 2024 | 11 replies
Communication with the loan officer is not the greatest.
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12 July 2024 | 6 replies
My name is Richard Pennington I am in the Raleigh North Carolina area seeking any advice on using an FHA loan or conventional loan for my first investment property.