Elizabeth Savage
10 Year Old Paperwork? Is Underwriter being unfair?
9 May 2020 | 4 replies
The reality is if you had not paid per the degree, you ex could possibly have a claim against the property that would be superior to the loan you seekingAdditionally, the underwriter does not know you and does not want to risk a flag if the file was auditedLike it or not, a notarized document from your ex solves the problem.
Chirag Mehta
Homeless living in Vacant Rental
9 May 2020 | 10 replies
If you get the house cleaned up and get new renters in that would ultimately solve your problem for good.
Dave S.
Non-CoVid related evictions
8 May 2020 | 2 replies
Are there alternate methods of getting the tenant out???
Eric Schlee
New team in Pacific MO
8 May 2020 | 2 replies
I think we are looking at flip and rental methods which the BRRRR grabs all those in a nice package which is awesome.
Corina Eufinger
LF Contractor/Company To Rebuild Chimey
19 March 2021 | 3 replies
We do more commercial work but I can take look if you haven’t solved your issue yet?
Trey Bonner
With so much info out there how are you filtering out the noise
11 May 2020 | 10 replies
@Floyd BonnerThere are two main methods of buying rentals.
Pedro Bartolomei
Separate llc for each investment property?
10 May 2020 | 17 replies
That said, there are different entity types that may be beneficial for a flipping business (LLC, S Corp, C Corp, etc.)For rentals, there is a degree of personal preference - some like to have a separate LLC for each investment, some use Series LLCs, some group a few investments in a single LLC until a certain threshold of equity is met, like @Tanvir Sattar mentioned.Although, I don't typically agree with that method because the investments within that LLC are still vulnerable to others within that same LLC.
Niyi Odumosu
My First BRRR property (Philly)
3 June 2020 | 21 replies
In order to identify whether a property makes sense for the BRRR method, find a property you are interested in purchasing and see what the newly renovated homes sold for in the past 6 months.
Tiffany Hayes
What Would You Do If . . .?
9 May 2020 | 8 replies
But it all depends on the deal, how fast you can finish renovations, find a buyer, & close.If you’re just looking for long term wealth, then you could do a BRRRR, buy another property and continue on that path.With $40K you could even invest passively in multifamily syndications, and over a 3-5 year period get over 100% of your money back on average.Now every deal is very specific to market conditions & the operator of the deal, but nonetheless, syndication is an easy way to build wealth.With everything going on right now in the economy, I would be weary of jumping right into real estate without first having a SOLID foundation of knowledge in how to accomplish these investments.Things are changing rapidly in the real estate world, and if you aren’t prepared, then you’ll be washed out and broke in no time.You’re welcome to check out our website which explains everything you need to know about multifamily syndications and the market.All in all, if I were you, I would do some more research on whatever method you choose and then become the expert in that niche and your local market before jumping into anything and spending $40K.
Wendell Carmona
Physician Loan vs. FHA loan for duplex/triplex
11 May 2020 | 11 replies
Ideally, I will be using the house hacking method so I would like to purchase a duplex/triplex.