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7 September 2024 | 0 replies
I have called 20 banks and no one does a 1st lien on investment properties except 1 stated they would if owner occupied.During the research I read a website, which stated that 1st lien HELOCS on non-occupied are illegal and not allowed by Federal Law.Anyone know if this is true?
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19 September 2024 | 34 replies
He was never even a good salesperson (pushy sales tactics are often taught by gurus but simply don't work for most personalities, Jordan Belfort of all people called him out on this during an interview that was very revealing), and his real estate syndication funds are now rumored to be total scams (he allegedly buys the properties separately beforehand then marks them up millions before selling them to his fund using his investor's money, like a wholesaler basically but taking $50M fees from investors without disclosing it.
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14 September 2024 | 1 reply
Purchase price: $200,000 Cash invested: $40,000 First investment property - higher end rental in my market.
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14 September 2024 | 32 replies
Visio specializes primarily in DSCR loans for short term rental properties (think airbnb or vacation rental rather than an annual lease tenant).
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14 September 2024 | 2 replies
Recently, PM suddenly told me that this property needs "lead testing".My PM is not aware of this I already have 2-year lead certificate from the previous onwer AND assigned an inspector for lead inspection for me.
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8 September 2024 | 0 replies
Hi everyone, I need help in transferring a property from my Fix n Flip, LLC to my rental LLC.
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14 September 2024 | 1 reply
The price point was worth investing in the property.
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14 September 2024 | 3 replies
I got into real estate investing 5 years ago and have built a portfolio of rental properties in the area.
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13 September 2024 | 7 replies
A reverse exchange is where the intermediary creates an entity to take title of your replacement property before you close on your relinquished property.
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14 September 2024 | 19 replies
As an added bonus tenants like to complain about what is wrong with a property, and sometimes the landlord doesn't know about the things they mention especially if they are long distance and have a PM.