Brody Veilleux
“BRRRR” a primary residence
23 December 2024 | 24 replies
Some lenders do have minimum credit scores to access these loan types, but it is the exact same qualifications for income and assets as non renovation loans.
Scott MacComb
Contract with general contractor on house flip
31 December 2024 | 13 replies
Those "good contractors" usually have the lines of credit or means to pay for supplies up front if they know they will be paid on time and are not desperate for a deposit to go get the supplies.
Jorge Abreu
Selling Properties with Transparency and Maximizing the Sales 📈
11 December 2024 | 1 reply
Assessing brokers based on their transaction history and success in the market carries more weight than simply focusing on the highest price offered.
Jun Lee
Pro/cons of investing in real estate funds via Solo 401k
18 December 2024 | 3 replies
DLP lending fund and DLP preferred credit fund = In solo 401k (roth or traditional) because they are tax inefficient.
Kevin Zmick
Having Trouble Renting Unit in First Property
19 December 2024 | 22 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
Jennifer Cook-DeRosa
Do you report to credit bureaus?
1 December 2024 | 1 reply
I do not use Rent Ready, but I know that it is a perk of my pro membership here and I am considering setting it up to help my tenant establish credit.
Brad Pierce
Property Management website recommendations?
19 December 2024 | 8 replies
I use Stessa for accounting, I love it, it links right to my bank account/credit card accounts and I can assign purchases to different properties and units of the property for multi-unit properties and at the end of the year I have a simple report to give my tax professional
Federico Dallo
Seeking Advice on Property Investment for Renting - Budget of 300K
26 December 2024 | 10 replies
Some other banks will tell you 40% to manage your expectations but if you have a good credit and a the deal makes sense, the down payment shouldn't be above 30%.As to the managing of properties, if you can self-manage out-of-state in the US, there are no reasons as to why you couldn't do it internationally too and some investors do.
Charles Evans
New House Hacker, Need Tips/Reassurance Please!
29 December 2024 | 15 replies
makes sense. so i actually did a 2-1 buydown FHA, i have a 800 credit score and locked in a 5.875% in today's market which is pretty damn good IMO... so the first year ill be at a 3.875% with about a $2350 monthly payment including prop tax/pmi/morg insurance/home owners insurance. lease is locked in for a year at $1400 a month which makes me only have to pocket roughly $1000. the way i see it, its cheaper than rent or mortgages in today's world!...
Nathan Frost
Update - Detroit Deal
18 December 2024 | 45 replies
Be nice to get them come down in price or give me seller credits.