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Results (10,000+)
Ryan Quint Accounting for Roommate Rent (Mortgage and LLC Considerations)
9 March 2020 | 0 replies
We have the following questions:- How does the LLC come into play here, since we have the primary residence mortgage under her name?
Shawn Elrod Do my loan terms stink
10 March 2020 | 4 replies
Also, your personal DTI won't come into play, there's no income requirement.
Doug Wolff 1st deal under contract - having doubts - talk me down
10 March 2020 | 16 replies
Coupled with a crazy hot market, I think that is a difficult play if you are using any kind of financing (I was, even though I'm used to buying my local stuff with cash).
Billy Barnes Need help financing a deal; all advice welcome.
10 March 2020 | 7 replies
The people I have talked to about financing this deal tell me they won't do multiplex on a single-family or they will make me get two loans for the single-family and triplex which drive up the cost of the down payment, so I am interviewing more financing institutions and/or specialists but advice here would be welcome.The plan is for my business partner to house hack one of the units, while working on the ground to fix up the property, while I work on the business side, playing to our strengths.My notes for this property:Pensacola Fl 32507 – $349,900 - 1938On the market for a total of 268 days – estimated $1667 mortgage Single-family (1200 sqft) home with 3 unit in triplex (upstairs-1150 per month - 1422 sqft) bottom 2 units (ea. $800.00 per month-600 sqft) possible AirBnB would produce more income per month.1150+800+800=2750Expenses: Taxes $150, Insurance $100, flood insurance: Vacancy $100, Repairs $100, Cap Ex $100, Mortgage $1667 Utilities: Renters responsibility, Total $2217 per month Cash Flow= $533 per monthCash on Cash return: need total repair costsPros:Great neighborhoodTurnkeys come with propertiesNo major issues to the home found in the last inspection.Found no liens or back taxesConcerns: 1.    
Kris Bennett House Flipping on Xbox
13 March 2020 | 12 replies
If you happen to own an Xbox, you can play House Flipper for $29.99.
Jordan Ruby Should a rental property be the 1st property you own?
15 March 2020 | 3 replies
I’m a Canadian who plays semi pro hockey In the US from October to April-ish.
Heath Jones Is it better to compete with or partner up?
11 March 2020 | 3 replies
lots of other variables in play here, but one way to potentially achieve win-win, maybe....
Maurice E. Stokes Jr Owner Occupied Loan Rates For Investment Property
11 March 2020 | 5 replies
Stokes Jr 2 things... one, they know in a crisis situation, you're more likely to keep a roof over your own head paid than an investment, and second, because a majority of the mortgage industry plays to the tune of Fannie and Freddie, which would rather show gains in new home ownership over new millionaires made.
Robin Jones How do you get out of a flip that’s not selling?
12 March 2020 | 16 replies
HML will want to be paid though so creative financing would only work with their blessing.. if you refi the LO  rent to own etc comes into play.. but most HML are just going to say drop the price and pay us off sorry it did not work
William Thompson Short term rentals impacted by Virus
20 March 2020 | 3 replies
Looks like I played this correctly.