9 March 2020 | 1 reply
I have also started to build up my credit by co-signing a credit card with my Dad.
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10 March 2020 | 4 replies
Even when you do find a value add deal and you go to pull all your original cash out you're so happy but only to realize since you're in such a high priced market and low RV (rent to value) area that you'll now be negative cashflow so its a catch 22 in high priced areas.Barring you use creative strategies, operate a business like short term rental, rental by the room, halfway housing, transitional housing, B&B hotel like model, its tough to make the numbers work in high priced markets.I have helped investors in the 1-4 space coordinate the financials and how they have to display these figures to continually qualify for funds going forward.
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6 April 2020 | 28 replies
I am both co-sponsor andinvestor in several multifamily syndications.
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10 March 2020 | 4 replies
That was here in Colorado.
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8 April 2021 | 16 replies
The town where we have one of our STR is proposing an ordinance that the owner must reside within 75 miles of the rental OR have a contract with a 'resident agent' who must live within 25 miles of the rental!
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15 March 2020 | 7 replies
I can help coordinate with you and your wife for investment properties if that is something that interest you.
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11 March 2020 | 9 replies
I see in the Easton ordinance guide (link) requires "The City must be notified of any changes in ownership/manager within five (5) days of any change." but not whether a new rental registration is required.
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10 March 2020 | 7 replies
I guess I'm still used to Colorado's market."
16 March 2020 | 3 replies
If you can't qualify for conventional due to credit now, you'll want to either figure out a lender (likely local) that is fine with your credit, bringing on a co-borrower, or considering long-term hard money options.
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10 March 2020 | 2 replies
One of the issues with this is that since you have no equity in the property, and any fixes you do benefits your friend, and your friend can decide to sell at any time.If the numbers work out well, especially with being able to rent out the basement, you might be able to make the pitch for doing this, but with the condition that you co-own the property so that you can benefit from the upgrades along with gaining the experience you're looking for.