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11 April 2024 | 2 replies
I have good credit, but not sure how to obtain financing with my current income so I am looking for financing options that don't require me to provide 2 years proof of income.My current plan is to do the following but would like a professional opinion before proceeding.
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11 April 2024 | 2 replies
My biggest thing is with the options below, what puts me in the best shape to Grow/Scale?
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11 April 2024 | 2 replies
,You have two options after a 1031 exchange.
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11 April 2024 | 7 replies
Just wanted to do some research and see if this is the best option or if there are better deals.
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12 April 2024 | 5 replies
I decided to give them the option to break their lease and leave, if they so choose, which they haven't responded to yet.My question is, has anyone dealt with a similar situation who may be able to give some advice on this?
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11 April 2024 | 7 replies
One option would be if you cover a certain amount and if it goes over X amount they need to reimburse you.
11 April 2024 | 12 replies
Yes I'd agree, the next step for me now is getting involved by networking with local investors, mentors, and any potential partners.
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11 April 2024 | 10 replies
@Samuel Metcalf- thanks 1) I would recomend getting a HELOC in place on your primary residence duplex for as much as possible...this should be available for free or a low cost and the rate will be variable in the 8-11% range ...prime rate + margin of 1-3% ) ...the min payment is in interest only payment on outstanding balance 2) use the heloc for the remodeling costs ...pay it down as agressively as you can 3) on the purchase of the investmenet 1 unit - you are allowed to put as little as 15% of the price for your down payment ...the pricing you get for the loan will improve as your down payment grows so you might look at 75% / 80% and 85% ltv options
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11 April 2024 | 2 replies
When I explored this option in 2020 my lender said it wouldn't be possible because of occupancy issues (building was not fully occupied), and DSCR.