Supada L.
Expensive repair on rental. Should I do it?
31 May 2021 | 108 replies
As far as it tearing up the front end of the car, that seems unlikely if they are driving over it at a slow speed.Bottom line, that drive way was in that condition when they rented the property.
Chris Schorre
Tearing down house to build duplex. Can I do 1031 for Unit B?
15 June 2021 | 6 replies
The rule is that you must have acquired (constructed) unit B with the intent of holding for productive use.
Cameron Rouse
Financing for Newly Self-Employed
14 May 2021 | 3 replies
Fannie Mae generally requires lenders to obtain a two-year history of the borrower’s prior earnings as a means of demonstrating the likelihood that the income will continue to be received.However, a person who has a shorter history of self-employment — 12 to 24 months — may be considered, as long as the borrower’s most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.
Christopher Helwig
Owning Properties Through an LLC and in My Own Name
18 May 2021 | 10 replies
The FNMA product used to be a no-brainer because of the rates, but now you can get a 30-yr fixed rate, 30-yr amortization in an LLC.
Montez B.
FHA loan to conventional (repeat)
24 May 2021 | 26 replies
This is a separate loan product from conventional (Fannie Mae and Freddie Mac loans).
Patricia Aragon
Is oyster gray "dark grout" or should I go with natural gray?
15 May 2021 | 6 replies
A liquid additive like the following might be just the ticket:https://www.homedepot.com/p/Custom-Building-Products-StainBlocker-32-oz-Stain-Resisting-Admixture-Additive-for-Grout-SBG32/202525433 If you're looking for an off-white grout, I would feel confident recommending either Antique White or Bone with the above liquid additive.
Kristin Haug
Cash Purchase Followed by Cash Out Refi - Timing
17 May 2021 | 8 replies
The 'new' debt service coverage ratio (DSCR) driven products are more attractive, though, IMHO. 30-yr fixed rate, 30-yr term, rates in the 4s (right there / better than banks) and no debt to income ratio BS.
Chuck Payette
Spray foam as sound barrier ?
20 May 2021 | 6 replies
Sound barrier performance is based on density of the product.
Chris K.
Pros/cons of conventional vs hard money?
17 May 2021 | 3 replies
There aren’t many cases where you can choose which product to use and have them both make sense.
George S Goshorn
First BRRRR strategy attempt!
10 July 2021 | 9 replies
These local prices are running up quickly, so "deals" are a lot harder to find.If you're having a good experience so far with this house, you might want to look into the FHA 203k loan product for your next project (if you haven't already).