Kevin Feltner
Ending Tenant's Lease / Pet Issues
19 June 2020 | 6 replies
If the tenant refuses to leave, are you willing to file an eviction suit?
Blake Smith
Insurance Recommendations for Rental Management Agency
22 June 2020 | 4 replies
It looks like about $1200 for professional liability and $1800 for E&O.My specific concerns are something like a trip & fall in the winter, the renter claims it was the property owner's fault due to improper maintenance and also includes our company in the suit.
Chris Clark
Investing in Self Directed/Real Estate IRA?
20 June 2020 | 6 replies
The type of self-directed IRA that will best suit your situation and goals will drive the process of identifying the right firm to work with.A self-directed IRA custodian is a processing entity.
Jalon Wilson
203k loan for first investment?
24 June 2020 | 2 replies
Select from a larger selection of properties for sale (in any condition), including condos, townhouses, mixed-us, multi-family, single-family dwellings and those that do not currently meet FHA standardsWhen offer is presented properly to seller, 203k offers may be advantageous in a competing offer situation as the seller does not have to fix-up or repair the property but instead allow the buyer to include these items into their 203k mortgage and complete the improvements after closing using the buyer's own style and design.203k Benefits to Home Owners & Sellers (not all inclusive)Market property to more buyersAllow buyers the opportunity to renovate, upgrade or improve to suit their tastes and preferencesNo need to settle for low-ball cash offersCurrent condition of property not required to meet FHA's property standardsBuyer is permitted to correct any property deficiencies after close of escrowNo more inspection concernsAbsolutely no repairs are required prior to close of escrowSeller not responsible for cost of repairs/improvementsTransaction will close with property in "AS-IS conditionClosing occurs in 45 days203k Benefits to Realtors® & Lenders (not all inclusive)Increase income by selling more homes and originating more loansRaise real estate values by improving homes and neighborhoodsDecrease foreclosure inventoryHelp buyers who previously could not buy homesHelp seller/owners with properties in outdated or fix-up conditionSpur economic growth by creating job opportunities for the construction/remodeling industryPromote an under-utilized niche program that not many Realtors® or Lenders understandRevitalize your community203k Disadvantages (not all inclusive) upfont MIPMI for life of loanSupplemental origination feeInspection feesTitle update feesmore complexmore moving partshigher interest ratepossible longer closing timeBut working with the right 203k Lender, a contractor with education/experience with the 203k, such as a Certified 203k Contractor, the benefits can definitely outweigh the disadvantages.
Benjamin Gency
REI Side Hustle for Newbie
20 June 2020 | 3 replies
If you are a salesman, you are ideally suited for making calls for a local investor.
Danny Garcia
Self directed IRA Recomendations
5 August 2020 | 7 replies
The type of self-directed IRA that will best suit your situation and goals will drive the process of identifying the right firm to work with.Mainstream banks and brokerages do not offer self-directed plans.
Breelon Bryant
Carpet Flooring? Hell no! So what Flooring?
26 June 2020 | 11 replies
@Breelon Bryant I'm in the process of acquiring my first house hack as well and from my little research, it seems like a lot of people like Luxury Vinyl Planks.
Joe Jor
In-law Suite - Westchester NY
3 July 2020 | 3 replies
Does anyone know how Westchester County defines an in-law suite?
Scott K.
Forced appreciation examples
6 July 2020 | 7 replies
In some areas, turning a 4/1 into a 3/2 with master suite is a great value add if you’re flipping, less so if you’re renting.
Cinque McKetty
5 Tips for Buying a Home When You Have Student Loans
30 June 2020 | 0 replies
But having a student loan does not mean you will be unable to buy a home, in fact lenders are prepared for this kind of debt and can help you find a loan program which suits your needs.