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Results (10,000+)
Corey Meyer Can I take venmo for rent from tenant?
26 April 2024 | 10 replies
I will be sticking to my current method of one account for deposits and then transferring the money around.
Rolan Meyer Advice and Opinions on Deal Structure for Flips
29 April 2024 | 8 replies
If you're not having conversations with your hard money lenders like, 85-90%+ of the purchase price, 100% of your rehab costs and maybe even financing your mortgage payments, advanced draws on your construction budget, you might be risking more money out of pocket than you need to.
Tim Tafel What's a good way of estimating demolition costs on a land deal?
25 April 2024 | 2 replies
If you provide a scope of what you are demo-ing, you may have better luck with someone's experience to comment here, but costs can vary regionally, so a local contractor would give you the best actual estimate. 
Richard Goore Loan options on 4-plex in IN
28 April 2024 | 17 replies
DSCR lenders will have different rules on seasoning (i.e the amount of time between when you bought the property vs. when you closed on the refinance) for how much cash you can pull out and whether or not the appraised value, as opposed to the cost basis (purchase price + rehab costs) can be used to determine the loan amount (i.e LTV * appraised value = loan amount). 
West Kite floating 2-1 Buy down Lending ?
27 April 2024 | 8 replies
If a buyer is offered a 2-1 buydown (starting at 5.25%, increasing to 6.25% and then to 7.25%) with all closing costs covered except for $3,000 (to be paid by the buyer) on new construction through the seller's preferred lender, and signs the purchase contract in April 2024, the house will be completed by the end of September 2024.
Pradeep R. Incentives on closing cost
24 April 2024 | 3 replies
Are there any banks/lenders which would provide some incentives on closing cost and give good interest rates?
Nitin Gupta Retrofitting existing house with sprinklers
28 April 2024 | 3 replies
Is there an order of magnitude we can use to estimate what it will cost us?
Nicholas Owens Knob and Tube Wiring
27 April 2024 | 3 replies
Depending on how much there is and where will affect the cost to get rid of it.
Troy W. Hudson New to REI at age 60
29 April 2024 | 10 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
Natalie P. HELP - we can’t get approved…. Or can we?
29 April 2024 | 9 replies
It’s costing you thousands of dollars post-tax plus wrecking your DTI. 3) sell your current home tax free and buy a duplex or fourplex.4) AGAIN: figure out the ownership structure and the breakup structure.