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Results (10,000+)
Michaela Manco How to address this pest control issue?
8 January 2022 | 7 replies
I would give them a written warning and notice that one more violation would result in termination.
Patrick Orah How to negotiate terms with a property management company?
23 January 2022 | 28 replies
@Patrick Orah management is one of those things where I’d actually prefer to pay a premium and get the desired results rather than go bargain shopping.
Joseph Zane Vandergriff First Cash-out Refi Yields Rental
8 January 2022 | 1 reply
After the 2 year "has to stay primary residence clause" (which is met this coming Feb) this property would be my first rental in the area, and utilizing the cash out refi, would give me the money to move into my next property without any extra out of pocket money.I'll be sure to come back and update this for any newcomers that want to hear from beginners or are still in the "learning before you leap" mindset.I'll list the purchase info and criteria as well as the rental potential in the area and the cash out refi results below.Initial Purchase:3 bed / 1 bath / 1000sqft / 0.46acre / built in 1980 - Appraised at $140,000 in Johnson City, TN - Feb. 2020Credit Score at the time: 648 (This was a focus of mine as I had been repairing previously damaging years in my early 20's)Purchase Price: $132,000 using an FHA 30-year loan at 4.625% / Closing costs from me $4,666.63 / After all fees and closing starting mortgage amount was $129,609.00 / Monthly Principle, Interest, Escrow (Insurance, Property Tax, Mortgage Insurance) payment: $869.12Rental Potential:Johnson City TN is home to East Tennessee State University and close to Bristol TN for all you NASCAR and drag racing fans.
John McKee Do you have one bank account for all of your LLC?
9 January 2022 | 6 replies
(biggerpockets.com)By the way, this question is asked often and there is a search function in the upper right and I typed in "bank account" and got the following results
Matt Steele Looking for Opinions and Advice - Next Step Investment Portfolio
19 January 2022 | 15 replies
I think the difficult part with your advice is that New England multi family market is extremely competitive so going after something worth 1M might be risky because people are just through junk out with a price tag and the CF doesn’t mAtch up all the time.
Daniel Bernard Navigating seller financing on a multi-family (1st property!)
9 January 2022 | 3 replies
Obviously I know the results are not typical or easy to do (hence them being on the podcast), but I'm trying to overcome the assumption that I just can't do it.Do you have any thoughts or things I can research to find more creative ways to try to invest with no money down?
Sachin Amin I hit plateau in REI - how to scale up?
24 January 2022 | 44 replies
Doing the same thing that generates positive results can be a bit boring. 
Todd Barrett Broker/Owner Questions - Insights
8 January 2022 | 0 replies
For example, "I get 50 new inbound leads a week and close 20% of them, resulting in 10 new Buyer/Seller clients."
Todd Barrett Broker/Owner Questions - Insights
8 January 2022 | 0 replies
For example, "I get 50 new inbound leads a week and close 20% of them, resulting in 10 new Buyer/Seller clients."
Tom McMahon Does the name on mortgage need to be changed to protect liability
14 January 2022 | 12 replies
From the loan servicing guide:Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the property.a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.https://servicing-guide.fannie...