Keith Goepfert
Local Legislation - House Hacking in Roanoke, VA
9 March 2024 | 0 replies
I want to make sure I'm acting in accordance with the local government's legislation, but I'm having trouble making sense of all of the information I'm finding on https://www.roanokeva.gov/.How do investors usually navigate legislation requirements when starting renting in a new city?
McKay Moore
Rent Collection Tool
7 March 2024 | 3 replies
My tenants (less than 5 units) usually pay with a money order in person, but I'd like to have another option that also doesn't require a bank account.
Jordan Northrup
Raising capital for syndications
8 March 2024 | 22 replies
You may personally lose capital if earnest deposit is nonrefundable and if you pay due diligence costs out of pocket.
Henry Zhou
Scammed by Xplicit Home Loan
9 March 2024 | 14 replies
I saw their Facebook post promoting their quick collaborative mortgage service and decided to try it for a property renovation project.After filling out a form and providing my ID and bank statement, they promised a $41600 mortgage within one day, but required a 3% service fee.
Alex Ng
Are there any lenders who do first home loans with only one year of tax returns?
7 March 2024 | 5 replies
There is also a Bank statement loan but that would require 10% down where they use gross deposits instead of income/taxes.
Caleb Rehg
What Needs to be Different for College Students
7 March 2024 | 5 replies
It may also be beneficial to require a co-signer for the lease, especially if the tenants are college students with limited credit history.When writing up the lease, clearly outline the rules and expectations for the property, including noise levels, guest policies, and maintenance responsibilities.
Chris Magistrado
The 2024 Akiya Movement: Rebuilding Abandon Japanese Homes
9 March 2024 | 10 replies
After 3 years, it'd be paid off completely. 35000/100000 = 3.5% which is a bit higher than the 1% rule, which seems much more difficult now-a-days in the United States.Business in JapanAs an American, we can go there for 90 days, no VISA required.
Andrew Matura
Has anyone BRRRR invested in smaller towns and communities?
9 March 2024 | 26 replies
Keep an eye out for indicators of population increase or steady housing demand.The BRRRR approach may be appropriate for older properties, particularly if they require renovations.
Tony Manning
Lead Mitigation problem
8 March 2024 | 2 replies
No issues with property but state is requiring abatement.
Scott Alvarez
Starting at 40 years old, what end goal do i have?
9 March 2024 | 4 replies
If you were to purchase a property that does not require a lot of rehab, then you would be able to start renting within a couple of weeks.