Nicholas Jose
My New Landlord Transition Letter - please critique!
14 September 2024 | 19 replies
They shouldn't have to fill that out twice.The intro letter should provide all your contact info, maybe a couple of your business cards so they can stick one on their fridge.
Account Closed
What part of rental income do lenders consider?
14 September 2024 | 10 replies
However, if this total income number is negative it will count against you like any other liability would (think car loan or other mortgages with no rental income or credit card min monthly payments/etc) against your DTI.DTI is typically maxed out around 45-50%, so half of your monthly figure so if you make 10,000 gross per month your max liability at @50% DTI is 5000 a month max payment.
Bradley Hendrix
Going from -50K to 1 million
13 September 2024 | 7 replies
In 2020 the house was 75% done and I had to re appraise the house and get a new loan to pay off all my credit cards, personal loans, etc.
Amber McCloskey
Interested in learning the ropes to wholesaling
11 September 2024 | 1 reply
i get cards, calls and texts every day from wholesalers for my little portfolio - so that shows you how much competition there is out there.it's also tough to do as a beginner in real estate, because the best wholesalers surface strong deals and know how to estimate a rehab.
Ian Stedman
Heloc to coventional loan
13 September 2024 | 12 replies
But if you are already worried about paying back that HELOC out of the property you buy, you are creating a house of cards from the start depending on how good of a buyer you are.
Ivana Ivanovic
Help me figure out if I am crazy or...
18 September 2024 | 35 replies
As an investor, I firmly believe in keeping $5,000 to $8,000 in reserves for each property up to five or six properties.
Saulo Dias
What Matters Most for Vacation Rental Success?
14 September 2024 | 26 replies
Our data indicates that 80% of guests don't look beyond the first five photos on an Airbnb listing.
Marc Brandon
Unbelievable Florida security deposit claim lawsuit!!!
18 September 2024 | 47 replies
That was five years ago and they never sued.
Eugene Mitchell
Escrow won't close
15 September 2024 | 18 replies
I bought a piece of property that ended up having five brothers that had to sign off on it they wanted nothing to do with the house so they signed quitclaim deeds (notarized) and one brother who signed over a grant deed.
Jacopo Iasiello
How do you see the Miami real estate market evolving over?
10 September 2024 | 1 reply
How do you see the Miami real estate market evolving over the next five years, especially with the influx of remote workers and tech companies?