Larry Leisure
Loan Advice for CashOut on Rental property
11 April 2020 | 2 replies
At the time I thought that was the best place to put my money, and live off of the rental income.Unfortunately, due to my income, I do not qualify for a traditional full doc loan, even tho I have reserves and 790 FICO’s across the board.
Eric P.
Coronavirus and vacation town impact?
3 December 2021 | 33 replies
Traditional property management companies still handle the majority of the houses there as most owners do not want to deal with things themselves.
Alexander Grullon
NEED HELP WITH SITUATION
14 April 2020 | 43 replies
Consider reading or listening to the book, Rich Dad Poor Dad.
A. Maldonado
Dave Ramsey’s Financial Peace University
12 April 2020 | 30 replies
I think too many people think real estate is get rich fast.
Jesse Boren
Financing Options for Max # of Properties
11 April 2020 | 1 reply
All of them require no traditional loans, and none of them require you to "spend" any of your seed money:1 - Sandwich Lease Options2 - Seller financing3 - Flipping Cash Partners4 - Buying on Land Contracts...and selling the LC agreement...these are just a few.
Colin Whyte
New to real estate. In state vs long distance
13 April 2020 | 1 reply
(Not looking to get rich quick, just to retire early and make it until my retirement kicks in.)I live in Southern California which we all know isn’t a cheap area.
Craig Rich
Heating a Duplex on one furnace HELP
14 April 2020 | 11 replies
@Craig Rich im so sorry you're going through this.
Anton Ivanov
List of COVID-19 Resources & Relief Programs for Investors
27 April 2020 | 9 replies
Help for Airbnb and Vacation Rental OwnersWhile long-term effects on the short-term rental industry are debatable, here are some things you can do right now:Reduce your vacancy rates as much as possible by offering discounts and being more flexible during this timeCut your expenses by eliminating welcome gifts, reducing amenities and subscriptions or applying for mortgage deferral programs, as discussed aboveIf you’re an Airbnb host, apply for cancellation reimbursement under the $250 million Host Relief Fund available for qualifying cancellations (up to 25% reimbursement of what you would normally receive from a canceled booking)Consider turning your short-term rental property into a long-term rental, at least for now, as the traditional rental market is not expected to be impacted as severely as the short-term rental market Additional ReadingResources for Property Owners and Agents from the National Association of Realtors is a great list of general recommendations and resourcesList of Relief Programs Offered by US Banks, published by the American Bankers Association, is a comprehensive list of specific measures banks across the US are taking to help borrowers in needCOVID-19 Tax Resources Center by the Drucker Scaccetti tax services firmLegal Guide for Landlords by Julie Anderson, written for the Mid-America Association of Real Estate Investors, provides general legal guidance and advice for real estate investors Please let me know if I missed anything, or if there is any inaccurate information, so I can correct it.
Stephen Rembert
Can you wholesale a Short sale listed property?
15 April 2020 | 6 replies
You would sell the LLC as your assignment fee instead of having a traditional assignment on the HUD-1.
Crystal Hoover
Seller Financing-random question
17 April 2020 | 15 replies
Therefore most travel nurses have a hard time getting a traditional home loan.