Christopher Gadison
Solar farming has anyone profited from it?
8 July 2021 | 1 reply
@Christopher Gadison I'm out for my W2 work now doing agent work for large utility-scale solar development.There are a few ways people get into solar profitably:1) Own raw land in massive contiguous or nearly-contiguous quantities near or under high voltage transmission lines; get it leased by a big solar developer; usually 2,000+ acres depending on area and power prices.2) Put together a solar "deal" and flip the deal to a large renewables company; you find the land, get it under contract/lease, design and engineering the facility, get everything permitted, line up contractors, line up a PPA (power purchase agreement), then sell the whole thing off3) Develop and operate one yourself (this is very rare for private folks at utility scale).
Calvin Matthews
Trying to figure out which option for electric water heater is best.
22 May 2023 | 33 replies
My question is given the information that I shared (and hopefully this is sufficient information) does anyone have a suggestion as to which option would be best?
Vince Biegel
Current NFL Linebacker looking to get into small Multifamily
14 March 2023 | 40 replies
However, anything above 3-4 units you would also need to consider passing the Self Sufficient Rule (SS Rule) where your projected gross market rental at 75% has to be greater or equal to your monthly PITI.
Chase Tompkins
Reserves and Business plan
24 April 2023 | 13 replies
However, acquiring sufficient information to execute such transactions poses a significant challenge.
Alexander Diaz
What Do You Think of This Property
13 February 2023 | 6 replies
When purchasing a multi-family of 3-4 units with an FHA loan, it must meet the self sufficiency test which requires that 75% of all units total monthly rents, meet or exceed your monthly mortgage payment.
Michael Ding
Ceiling Fans in Rentals
29 April 2023 | 31 replies
On the back end it will make reordering faster, increase the likelihood your fixtures will be in stock, and keep the look uniform throughout your units.This has been one of my latest go-to's:Westinghouse 7801765 - it's under $100 and given enough time and quantity, I can save about 30-40% by buying direct (although that requires a bit more work).
Justin Homer
No more 3.5-5% down FHA loans for duplex-fourplex as of Jan. 19?
16 December 2019 | 13 replies
Justin Homer Thats not true but you have to contend with FHA's self sufficiency rule which is the main hurdle is using FHA on 3- 4unit properties.
Tom Wallace
Turning personal residence into rental property...
17 April 2017 | 31 replies
I am the only one listed on the deed for the house.As part of our plan to accumulate enough rental property to generate sufficient monthly cash flow to in order to retire (we also have other non real estate investments), we are planning on renting out our personal residence and moving into our next project property...This will allow us to keep the owner occupied financing that I have had in place on the house (I have checked my mortgage documents and I am in the clear to do this), intact and provide some nice cash flow that we can put to use in renovating our next project house.
Eli Etzioni
Offer accepted on a 4-br, 2-ba home. Is it a good investment?
27 December 2021 | 15 replies
IMO, you do not have sufficient room for repairs, replacements and the like.
Shakura Muhammad
DIY flooring for our first flip. No construction experience.
15 March 2019 | 9 replies
If it is in a lower and market, something like click lock laminate or luxury vinyl plank might be sufficient, and are fairly easy to install even for a novice.There is a product that splits the difference, which is an engineered hardwood floor – looks like the real thing but installs like laminate.