Mearl Davis
Cash out refinance VA loan to buy 4plex
18 September 2017 | 8 replies
IMO, stay away from the major national VA lenders, most of their LO's are not experts and don't understand investors and house hacking and setting you up for success.
Greg Stepich
Property Management Software
13 September 2017 | 4 replies
I have 24 units and I am trying to set up on Quickbooks because it gives more financial reports.
Jack B.
How would you turn 2 million in equity into cash flow?
20 September 2017 | 41 replies
If you aren't set on buying locally (sounds like you're not), then you can just pick what feels better and has the better numbers. - Residential rental properties (1-4 units) are the most tax-benefited asset class available. - Residential vs. commercial in general: This is a a crazy-basic article, but might trigger some pros and cons thoughts for you on which to go- https://www.biggerpockets.com/renewsblog/5-SFRs-or...- Ultimately, what would you most enjoy buying?
Account Closed
How to deal with roomates
13 September 2017 | 3 replies
The income for the house is basically the combination of the 3 persons together.. so separately they might not qualify,, but together their monthly income is over the 2 or 3 times the monthly rent per month.. whatever you had set for that.Any one under age of 18 is listed as ...
Joseph Dzwiniarski
How much do you normally budget in Reserves
14 September 2017 | 8 replies
@Troy Luster I think he means he is setting aside 7% of gross rents every year, so that they'll build up over time for when big ticket items need replacing.Most investors set aside between 5-10% for ongoing repairs and maintenance, and another 5-10% for capex.
John Lewis
Found the deal. Weighing options on financing.
14 September 2017 | 2 replies
The bad side to this would be higher interest during the rehab phase and more potentially more closing costs since I'll be refinancing two properties.Since this is my first time having to get a little creative on financing I just want to make sure I don't set my self up for failure.
Erika Unhold
contractor bid only gives labor cost-guesses on materials?
16 September 2017 | 8 replies
Small things like caulk, grout, screws, thin-set are the responsibility of the contractor.
Mitch Provost
Best use of cash/credit for buy and hold vs flipping
16 September 2017 | 6 replies
@Mitch P.Yes, you can cash out for the full amount of LTV that the lender requires - some require 75% and some allow 80% - also, a lender that allowed 80% may require 75% on another deal if your personal situation changes - debt to income, etc.The deals are out there - I am constantly on HAR looking at my target neighborhoods - I also have automatic notifications set up when a new property comes on the market that meets my criteria.
Theresa Amouzou
Has anyone ever made deal(s) in a different country before?
18 September 2017 | 15 replies
I am pretty set on moving out to Europe (specifically London), when I graduate.
Ben Einspahr
New Omaha Investor-Interested Renters Scheduled & Not Showing Up
14 September 2017 | 13 replies
I had even exchanged text messages and calls about reminding them.