James Letchford
Rent to Own Situation? Need some help.
7 November 2018 | 12 replies
I agree with most comments above, it is very likely you will have the property in your possession again in a few years, the other issue is, lets say you apply $200/mo of the rent to principal, because the tenant is "renting to own" Fannie Mae, Freddie Mac and FHA do not recognize the additional rent paid to principal for down payment, because they lend on the purchase price, and no matter how you word it, they will not accept $10 or $20K as Down payment for the loan if it was paid to you over time. also if you need to remove them from the property it is possible a judge may see the principal payment as equitable interest in the property, there are many hag ups in this strategy.
CJ DeBerg
Advice on what to do
23 October 2018 | 13 replies
I recommend looking into the local credit unions first (Charlotte Metro, Truliant, etc.).Also, in addition to the meetings @Karen Rittenhouse mentioned, I'd invite you to come out to the next networking meetup of local BiggerPocket members:Charlotte, NC REI Networking Meetup - Tues.
Jim Bryant
How much leverage are you comfortable with?
21 October 2018 | 3 replies
Additionally if an investor has a non-recourse loan with certain carve outs then they might be able to walk away in down turn and (dump the debt) without affecting their own personal finances or additional assets.
Michael Minton
[Calc Review] Help me analyze this deal
24 October 2018 | 4 replies
Additionally, I travel a lot for work and haven't been able to find a good strategy to generate leads as I'm always away.
Jathin Reddy
Sandwich Lease Options in California
21 October 2018 | 0 replies
In addition, you need to make sure you have the proper paperwork and you set them up correctly.
Abebayehu Gechere
Single Family home in Maryland DC Virginia
30 October 2018 | 7 replies
My vision is to have an additional sources of income.
Tim G.
$103k Profit / 249% ROI / 15 Month Sub 2 Hold n Sold
26 October 2018 | 4 replies
I'd need to do a master suite addition to be certain of exit values around $500k but the home previously had a swimming pool and it was where the addition would be.
Betsey Thompson
Vacation Renatls Advertising platforms
22 October 2018 | 12 replies
One of our neighbors has a house that is supposed to sleep no more than four adults, but twice this summer there were 18 to 20 kids in the house and it was booked through Airbnb.
Maria G.
Profile of the best candidate, is there one?
21 October 2018 | 0 replies
In my thinking, it is what I had for the past two years, a couple with no kids, but perhaps there are other profiles that work well too.
Jasmine Brumfield
Mortgage close to payoff! Then what??
8 January 2019 | 2 replies
Help them to decide whether to knock property down and rebuild and hold OR just do some additions completely gut and remodel and sell.