Curtis Chen
LA/OC/IE SFR strategies seem to be very limited
30 April 2019 | 9 replies
Hi Everyone, Just wondering what people are doing with SFR property here in the hot spots. Los Angeles and Orange Counties, and the IE West of the 15 freeway. I'm targeting off market vacant homes in the established a...
Kevin Aljic
Options for a loan for my case?
26 April 2019 | 5 replies
@Kevin Aljic Residing in Texas your options are extremely limited for a HELOC on investment property, to the extent that I still hear that they are not allowed.I might be biased but I feel the easiest route is going to be a cash-out refinance on your investment rental.
Dustin Ruhl
Tell me...When do you know you are already Successful?
26 April 2019 | 0 replies
Success can be measured by the joy in your life and the amount of your free time.2.
Joel Ray Cotton
My first rental deal, a short novel summary.
2 May 2019 | 10 replies
At this point I started researching loans and quickly figured out that to get an individual loan on each property was going to be a bear because of the Fannie and Freddie limit when approaching 6 loans.
Teresa Ramos
ESA - Landlords vs Colleges vs Airlines
18 December 2018 | 2 replies
If not, why are they allowed to ask such in depth questionnaires, talk with providers at will, and take many in depth measures to ensure that:1) not only is there an actual disability but also 2) that there is an actual need / documented "nexus" for an esa?
Account Closed
Can you put down 5% down on a conventional on a 3 unit in PA
18 January 2019 | 10 replies
Account Closed For a primary residence you can do as little as 20% down on a 3-4 unit with Freddie Mac (one of the two conventional routes) Home Possible is a low down payment program that may be an option with only 5% down if you are purchasing in a no income limit area, or meet the income limits within the area.Here is some info on Home Possible; Advantages of Home Possible LTV of 97% on 1 unit & 95% on 2-4 unitsMinimum credit score of 620 1-2 units, 3-4 if greater than 20% down and 720 if less than 20% down on 3-4 units.PRIMARY Residence purchase onlyNOT Required to be a first time home buyer Locations considered a low income census tract - have no income restrictionsRestrictions of Home Possible 3-4 unit properties require a 720 credit score with less 20% down.
Korey Scott
Private money and hard money investing
19 December 2018 | 2 replies
After that the have they option to retain 10% equity in the deal as a limited partner.
Account Closed
Multifamily Electric Submetering with Solar
13 June 2019 | 13 replies
The PV company advocates for wiring all the PV panels in series and then letting any excess electricity from the panels balance equally through all three meters - that's technically the most cost effective for the whole property, but would mean I need to install a bunch of extra hardware to measure actual electricity usage.
Zachary Whitfield
Advice. About to graduate college.
19 December 2018 | 3 replies
If you're looking to own your own projects (flip or buy/hold), my experience has been that having a license and a managing broker can limit some of your options.
Ryan Walley
Are your HOA meetings public?
19 December 2018 | 3 replies
Annual Meetings are typically open to all owners (not tenants or the general public) and some HOA's will open an occasional regular meeting to a limited amount of public/resident comment prior to beginning that regular meeting.