Zach Jones
Finally have my first rental under con.. have questions!
5 December 2021 | 6 replies
Thanks for the read and thanks in advance for any tips/advice you got for me!
Faysal Alam
Is a cash out refinance possible in this situation ?
5 December 2021 | 1 reply
As far as income 2019 I made about $40,000 on the books, $25,000 in 2020, and I'm projected to make $40,000 (W2 income) in 2021 with maybe another 20k from 1099 Uber income , another 18k in cash off the books from tips , two families sell in a 1 mile radius for an average price of 950k I currently owe $680,000, I bought the house for 715k last year , also my income does not include the rental income as I have not filed that as of yet and I would for 2021 , based on all of these numbers would I be able to get a Cash out refinance at a $950k appraisal for a new loan of $712,500 pay back my loan for 680k , take the difference of $32,500 in a cash out , it would probably lower my mortgage as I would get a new loan at 75% LTV based on the new appraisal, meaning I would have 25% equity left in the house and remove my PMI .
Jack Faysash
House Flipping Short-Term Mentor
6 December 2021 | 6 replies
And thanks for the tip, I'll look into the local REIA chapter!
Tuna Sakallioglu
Lehigh Valley Agents/Deals
15 December 2021 | 2 replies
So wanted to ask:1) Anyone else had any similar challenges and if there's any good tips on finding off-market deals and contractors?
Zeke Sanchez
Timeline of events for buying a rental property
15 December 2021 | 16 replies
@Zeke Sanchez another great tip with VA loans, is that VA will only let you have one VA loan at a time.
Julia Preciado
Forgot to do move out inspection, tenant now wants free rent.
5 December 2021 | 16 replies
Here's just one example: https://www.courts.ca.gov/docu...I'm no expert, but it appears your tenant can request a "pre-inspection" up to two weeks prior to departure to get an idea of what they can expect and for you to give them cleaning tips.
Brian Kempler
Hedge funds sellng notes
5 December 2021 | 2 replies
Also, any tips on building a list of them?
Yaniv Tivon
Tip for estimating market rent
5 December 2021 | 1 reply
Hi everyone,
I'm not sure whether this is commonly known so here goes.I find that a lot of the rent estimators like Rentometer can be highly inaccurate. But at the same time there aren't many active comparable rental...
Jesse Garrison
Structuring Deal with angel investor?
5 December 2021 | 1 reply
I have been building rapport with this individual for years and have finally been given this bone, any tips are greatly appreciated.
Nathaniel Yip
Boosting How Much You Qualify for a First Loan
10 December 2021 | 14 replies
I checked on Better.com and don’t qualify even above $200k yet.Anyone have ideas or tips on what I can do to boost my credit history in order to qualify for larger loans?