Jaime Blair
Historic Home STR
22 March 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Joanna Mendoza
5% down payment if residing in home - how fast can I move out to buy a new one?
21 March 2024 | 3 replies
The lender will also need a justifiable reason that you're changing primary homes so quickly.
Kevin Zheng
Holdover Tenant in Brooklyn
21 March 2024 | 3 replies
Just for fun, review the condo docs to determine if subletting is permitted.
Jonathan C.
Losing money on turnkey property. Should I sell?
24 March 2024 | 19 replies
Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed.
Willie Eshe
New Member Introduction
22 March 2024 | 8 replies
I am also looking for a company that deals in construction loans if you know any.I’ll message you the list and a great local lender that does a one time close construction loan.
Justin Foster
How should I outsource bookkeeping?
21 March 2024 | 8 replies
Also, lenders often prefer financial statements in addition to tax returns (literally no one likes reading a tax return, it's just common and easy to ask for).
Kayla Weigel
How Do I Finance My Third House WITHOUT W2 Income?
21 March 2024 | 16 replies
Because you are buying in NV you will need to look for local lenders, most nation wide commercial lenders won't lend in the state.
Eric Yu
[Seattle DADU] COMPLETE! 1st One Done! +$400k Equity
22 March 2024 | 1 reply
Having gone through the process once, it's very clear how to keep growing for the next one :) Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Keleisha Carter
HELP ! How can I get bookings for MTR ( I THINK I've tried MAJOR platforms)
20 March 2024 | 26 replies
Folks here could review and provide some recommendations perhaps.
Byron Rowland
Single family flip/house-hack
22 March 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?