Thomas Williams
New member looking to buy first couple of properties
23 April 2019 | 2 replies
Call around to banks and credit unions and ask them what the minimum property value they will lend on and whether they do blanket loans, and what their seasoning period is--and anything else you may need to ask regarding your own qualifications.
Michael Vaughn
Corporate Advances/Deferred Balance
26 April 2019 | 12 replies
Another tactic is to eliminate the deferred balance over a four-year period at 25% per year but only if the borrower maintains and on-time payment schedule.
Daniel Mendez
The good and bad of turnkey properties
29 July 2019 | 39 replies
So properties that haven't been fully flipped, but that have been updated enough to rent and I ask the seller to address all structural, safety and mechanical repairs that come up in the inspection period!
Matt Watson
Transitioning from Section 8
25 April 2019 | 17 replies
I'm not sure if/how S8 leases work differently, but when you inherit tenants and want to modify the lease terms, the first renewal period is the time to do it.
Ben Gordon
$100k. What would you do?
24 April 2019 | 3 replies
How do I know I am making the most efficient strategy?
Sarah M.
1st BRRRR- Refi Question
23 April 2019 | 6 replies
My question for the group – do we need to let the property “season” for a certain period?
Kaleb Henry
Using the vA homeloan and the FHA loan?
24 April 2019 | 3 replies
As long as you stay in the place for the one year period that is required.
David Smiley
[Calc Review] Help me analyze this deal
9 May 2019 | 6 replies
Extract your capital and do a 1031 exchange into a MFR that can generate better returns.Some notes about your analysis:Since you already own the property you'll be able to refi pretty quickly, but in a typical BRRRR you should expect at least a 6-month seasoning period before a lender will refi based on a new appraisal.You're missing the following expenses:CapEx, should be around 15% when combined w/ RepairsManagement (10%) always include this even if you plan to self-manage at firstVacancy (8%)These additional expenses make you cash flow negative, even at 60% LTV, which is why I recommend selling this property.
Taylor Null
Pivoting strategy for Austin area, hoping for advice
25 April 2019 | 24 replies
I have actually seen your comments in many other threads regarding marketing yourself and avoiding the premiums of MLS deals.I periodically do a SWOT analysis on myself/my life.
Jason Krawitz
Will this work? Pre-foreclosure lease purchase... sub 2
26 April 2019 | 1 reply
I want to do a lease to purchase with the seller with a down payment to cover the cure amount and monthly payments made to the mortgage company to keep the loan current during rehab period. 12 month option to purchase at 125k with all payments and down payment going towards the purchase price.