Mariusz Lewandowski
Renewing a lease during Coronavirus
10 April 2020 | 7 replies
How long a new lease should be?
Nick Thomas
First Time Buyer- Primary Residence
13 April 2020 | 9 replies
It's not a bad time to buy as long as you are comfortable looking and you are doing it safely.
Mark Allen Kenny
How Important Are May Rents?
12 April 2020 | 4 replies
Perhaps we'll miss out on ~30% of rent the next couple months, but the buying opportunities should far off set that as long as we have cash reserves to weather the storm in the meantime.
Neil Gillotti
How to buy my first house for house hack?
10 April 2020 | 4 replies
I don't care the type of house, long as I can house hack and grow my portfolio.
Jenna Herr
Chicago and/or Iowa New Aspiring Investor
11 April 2020 | 6 replies
Seems like a similar path I was taking until about a month ago in which I decided to jump into getting my real estate sales license to sell cashflowing investment properties in central Iowa.Best of luck and if you make any trips to DSM I'd be happy to grab a coffee, as long as the shelter in place is over at that time!
Mike S.
Is 3.6 % on a 30 year INVESTMENT refi cash out good or great?
15 April 2020 | 9 replies
plus i find it hard to beleive in the current environment.. as long as its a credit union or real bank.. if its a joker broker be careful you not being set up to lose up front costs.
Shai Flax
Finding tenants during covid-19
13 April 2020 | 15 replies
@Shai Flax I'm still buying as long as I can find something that hits my desired numbers.
Joseph Cacciapaglia
Are Your Wholesale Deals Really "Off Market"?
10 April 2020 | 2 replies
I don't care where the deal came from as long as it's a deal.
Jm McNabb
Is seller financing a safe option
12 April 2020 | 8 replies
The value to the buyer can add up to a very sizeable amount of money; typically pays the up-front lender fee to lower the interest rate, which results in accumulating paid interest savings for the buyer as long as the buyer owns the property, or for the life of the loan; may add up to many tens of thousands of dollars; make sure you check the fine print of the lender's loan lock provisions; be sure your seller's money is truly paying down the loan rate as opposed to paying other lender charges to the buyer. 3.Seller-Funded Temporary BuydownsBuydowns can also be structured to adjust the buyer-paid interest rate for a limited number of years; can cover the first two, three or four years or more of the buyer's loan; allows your seller to reduce the buyer's ongoing loan cost (monthly payment) considerably.4.Owner FinancingA willing seller may be able to keep their selling price intact by offering financing to a buyer; for a seller who needs to sell as soon as possible for the best possible price; expands the potential market for buyers to those who might not qualify with a lender for any number of reasons relating to their credit, verifiable income, or other issues; seller creates an 'investment" that can produce an annuity with a very good rate of return for many years; seller needs to become very well educated on how to qualify a potential buyer (how to get credit, income, debt ratio, and other accurate personal historical data on the buyer-and how to verify that data); seller needs legal advice to review contract documents, as well as title and escrow services to conduct a title search and closing; buyers attracted to seller financing may have income sources including part- time work, bonus income, royalty income, dividend and interest income from investments, or they may be newly self employed; seller who finances needs to get a substantial down payment and ensure that the property is adequately insured by the buyer and that initial property taxes are pre-paid and a tax payment plan is established; if the buyer stops paying, the seller will have to proceed like a bank or other lender and foreclose on the buyer. 5.Contract for DeedA contract for deed agreement to purchase is similar to a seller-financed purchase.
Karen F.
Connecticut landlords essentially just got .... by the governor.
19 July 2020 | 13 replies
A long as our local government thinks the crisis goes on for, tenants don't have to pay rent.