Amy Davidson
Lenders who will use an existing appraisal for washout refi
27 September 2021 | 5 replies
And if that LO you are speaking with is not a top producer, but a barista-turned-loan-officer, due to the events of 2020 (I'm not saying that in a negative way, a LOT of baristas got into the mortgage business after March 2020, and guess who is most likely to mis-quote the >6 property hit?
Trevor Murphy
Bond Tapering & Interest Rates
23 September 2021 | 4 replies
And the market will force them to do just that (remember, places WANTED to cut their profit margin in 2020 to court more business, but they COULDN'T, now they can), in fact it's already started, hence that class action law suit against Rocket Mortgage... when they went public in August 2020, they told their investors that the 2020 profit margin was normal and projected to continue.
Moses Carrillo
If you had 100k what would you do?
29 September 2021 | 18 replies
If you had little to no debt (DTI: 5%-10%), currently renting, your initial REI goal was to fast track your way to be able to quit your 9-5 job with replacing it with positive cash flow, main goal was to acquire as many doors as you could, had 100k to start, and still had cash for reserves…Would you continue renting and or seek out a primary residence where you could house hack (keeping your DTI low, so that your able to still acquire rentals) or would you first acquire income producing rental properties and then use that income to eventually help you qualify for a primary residence?
David C.
How to reach the next level of Multifamily units
4 October 2021 | 9 replies
I realize that moving forward is only through action, and experience is only gained by making that "first deal"(just like it was when I purchased my first rental 10 years ago).That being said, the transition still feels daunting, given the higher purchase prices and lack of experience as a "first timer" to multi-family real estate.
Avinash Dongarwar
Forming an LLC for Out of state rental properties
26 September 2021 | 7 replies
In Ohio or another state where you own property, you likely will only be taxed on the income earned in that state and need to file a nonresident return rather than a resident tax return.Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the "cause of action" arose in that state.
Casey Gildea
Low down payment for 2nd property
24 September 2021 | 2 replies
I'm even open to something with a higher interest rate, as long as the numbers produce profit for me (rent from the property exceeds monthly payments) it's a win right now.Any Ideas?
Karen D. Schiano
Foreclosing 2 AZ land parcels with same owner, separate actions?
12 October 2021 | 4 replies
Can anyone tell me if I will need to send separate Notice of Intent to File Foreclosure Actions or if I can list both parcels on the same Intent to File and, then, if not redeemed, Foreclosure Action?
Rick Garrido
Using Self-Directed IRA in a Defficiency Judgment State
27 September 2021 | 5 replies
The tax typically does not add up to much and will be less than the amount of boost in return that leverage produces.
Kris Johnson
Selling a Business, What’s next?
23 September 2021 | 6 replies
I'd recommend connecting with an investor friendly Realtor in the area who knows the ins and outs of the market and learn by doing - take action and buy your first property!
David Petikyan
Which Way to Utilize Home Equity
23 September 2021 | 1 reply
With interest rates as low as they are, I don't think using leverage to buy a income producing asset is a bad idea at all.