Zachary Schimenz
WARNING: Don't Use Ohio Cash Flow unless you want to lose thousands of dollars
8 May 2024 | 112 replies
Weekly rates available.
Matthew Paul
Things must be slow for real estate agents
10 May 2024 | 28 replies
I'm not experiencing much of a slow down in my market, even with the interest rates being higher.
John Powers
AI/Machine Learning tool to analyze Real Estate Markets
4 May 2024 | 6 replies
This model would factor in dozens of variables from traditional and non traditional data sources.
Robin Evans
Self employment or long term investment income
7 May 2024 | 8 replies
This places you in the third tax bracket, with a 22% rate.
Jean Pierre Jabo
First home purchase
8 May 2024 | 6 replies
You have an affordable place to live, about half your mortgage payment is paid by the renter, you get to dip your toes in the investor/landlord waters, and you are in a market that should continue to appreciate in value.I recommend reading and educating yourself while saving up for the next investment.
Ryan Mortimer
DMV - Hard money lender vetting/recommendations
8 May 2024 | 9 replies
Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Nicholas Pisano
WHAT WOULD YOU DO? First deal breakdown inside. Second deal advice needed.
7 May 2024 | 3 replies
Have a lower monthly payment, not pay PMI, be able to save a bit more from the W2 jobs each month, as well as having a greater percentage of the mortgage covered by the upstairs tenants.
Vishal Amin
Cleveland, Ohio local credit unions?
8 May 2024 | 14 replies
There isn’t much to be made in terms of commission so many loan officers don’t want to mess with them, and any loan is going to have fees associated with it of course…how high the lender’s fees are and how low the loan amount is will factor into whether or not that loan is compliant and can pass as a qualified mortgage.
Reagan Clo
House Hacking a Duplex
6 May 2024 | 1 reply
The duplex was expensive and with rates as high as they are, I was not able to save money house hacking.
Avi Zarbavel
Section-8 Investors Please give your opinions / thoughts!
8 May 2024 | 4 replies
Our strategy is to improve the property and raise rents above the HUD rate.