Eric Veronica
House Hacking 2-4 Units in Chicago using HomePossible Mortgage
10 October 2020 | 24 replies
I already own a two flat in the city but would love to use this program - I’ve got mixed opinions on whether or not I’d actually be eligible from multiple different lenders.
Jim K.
New use for bandit signs
21 March 2019 | 12 replies
One flat out lied on their ad (said he was an owner moving out of state).
Carlos Arjona
MF property analysis
7 March 2019 | 4 replies
Building type - flat roof vs pitched roof, vinyl siding vs brick, sub grade units vs above gradeLocated in a flood zone or other environmental issuesOh, there is so much more...
Chris A.
Would you do this deal? Foreclosure with quick rehab in TN.
6 March 2019 | 0 replies
We were the highest and best.The home needs a shower install completed, carpet in upstairs, massive wallpaper removal, total paint job, kitchen appliances, and small cosmetic updates throughout like door knobs, fixtures, backsplash in kitchen, possibly new vanity tops.Foreclosed Amount: 184kBank List: 152kOffer Accepted: 156kClosing Costs: 3k - Financed Deal (20% down, 5.25% interest only)Rehab: 15k (Conservative - 10k most likely)Holding: 4k (6 Months on the safe side, most likely 3-4)ARV: 210-220k (Conservative)Hoping for a flat fee MLS list with 3% to buyers agent.
Seth Coronis
Chicaco - Investing in Rental Properties – With Cash?
13 March 2019 | 7 replies
Try a C neighborhood and look at buying into a well-maintained 4 to 6 flat or a similar sized condominium.
Jonathan Davis
Unexpected hang ups in Refinancing?
8 March 2019 | 4 replies
Thus far most banks have flat out told us they don’t refinance investment properties, highly recommend mortgage brokers say they are willing to work with us and then “ghost” us by never returning calls or emails.Local REIA meetups are full of people wanting to sell us hard money, but we haven’t yet found anyone willing to give us a 30 year refinance on a buy and hold rental property.
Sarah Buchanan
What can we legally ask in screening a felon? (sex offender)
10 March 2019 | 49 replies
I have read that it's illegal (discrimination) to flat out say "no felons" so I asked what the crime was.
Greg Scully
Paying an assistant. Hourly, fee or equity?
8 March 2019 | 3 replies
Hourly, flat fee or equity?
Brad Larsen
What To Do When Landlords Refuse to Lower Their Asking Price
10 March 2019 | 49 replies
Our dilemma is working with owners who flat out REFUSE to lower their asking price even after being vacant 60+ days, seeing the feedback or lack of activity, listening to our portfolio managers when they communicate that the only option is a price adjustment.....but yet they refuse to lower the asking price.OK - the PM haters out there will say this should be OUR decision......that once that PM Agreement is signed.......We "own" that home.