Corey Byrum
Finance and Renovate Investment Property
3 July 2024 | 3 replies
Alternatively, look into renovation-specific loans like the Fannie Mae HomeStyle Renovation or FHA 203K loans as standalone products for rehab costs.FHA 203K LoanPros:Low Down Payment & Bundled Costs: This loan simplifies the process by combining the purchase and rehab costs into one mortgage.Cons:Interest Rate & Refinance Requirement: Higher interest rates and the need for refinancing could reduce your overall return on investment.Fannie Mae HomeStyle Renovation LoanPros:Bundled Costs: Like the FHA 203K, this loan combines purchase and renovation costs, simplifying the process.Cons:Interest Rate & Refinance Requirement: Similar to the FHA 203K loan, the need for refinancing to extract equity and convert to an investment property might add to your costs.I am a loan officer so I have some expertise in this area.
Warren Factor
are silver arch capital partners a good company to work with
9 July 2024 | 1 reply
They also run another company that goes by Silver Arch Capital Partners.
Bret N.
Sales/Acquisitions Manager Pay
9 July 2024 | 4 replies
In San Antonio, I hired reps for this type of thing and the model they told me their previous wholesale company paid was as follows:Acquisition rep responsible for finding their own deal, contracting it for the company, getting it to closing gets 30% of the fee generated by the wholesale.
Melissa Thompson
How do I find leased rental comps to send to an appraiser?
9 July 2024 | 7 replies
Hi Melissa,I would start by going back to your agent and ask for them to include other properties that better align with your rental.
Janna Afanasjeva
Chicago security deposits - is business account enough?
9 July 2024 | 5 replies
Each SD needs to be in it's own account, the account must be interest bearing and there is a minimum set by the city every year, the interest must be paid back to the tenant at least every 12 months.
Dailyn Souder
House Hacking Beginner - What are the rules for charging rent to my tenants?
9 July 2024 | 5 replies
It may be difficult to get numbers on renting by the room, but I would compare it to your prospective tenant's likely options.
Josh Edelman
Las Vegas News + Market Recap for June
9 July 2024 | 1 reply
By 3:15 p.m., the National Weather Service recorded 119°F, peaking at 120°F by 4 p.m.
Dante Anderson
Invest in America or Overseas
9 July 2024 | 8 replies
Don't we think investing in the US is risky with high interest rates, historically low affordability and cash flows and high prices inflated by 15 years of artificially free money that's gone for good?
Joseph Nguyen
Should I cancel Court Date
9 July 2024 | 2 replies
Currently house hacking (rent by the room) in my primary home (1st property) in Texas while working out of state.
Andrea Finkelstein
Ideas to combat trespassing on a commercial restaurant
10 July 2024 | 7 replies
And at the same time tell them you're going to be painting the building in a few days they need to be out of there by Wednesday - or something like that .