Matt Watson
Transitioning from Section 8
25 April 2019 | 17 replies
Admittedly, there are voucher participants with health and wellness issues that have limited their situation, but those cases can be handled in a different way as well.Stepping down of my soapbox... thanks for the conversation about it!
Ben Gordon
$100k. What would you do?
24 April 2019 | 3 replies
If all of those units are under just 2 business that could potentially be a problem.I would also look at my properties and see what big capex items are coming up, and take care of them now or set some funds aside to take care of them soon.
Dan Falcon
BRRRR in Raeford NC with Numbers
5 July 2019 | 12 replies
What were the big rehab items you had to deal with and how long did the rehab take?
Julie Taylor
Manufactured Home - Bank Financing - On Owner Financed Lot
26 April 2019 | 2 replies
conversations end with "sorry but neither you NOR any potential buyer can get a normal 30yf mortgage on it.... that's WHY you got a slamming deal."
Erick T.
Bank willing to lend purchase price and rehab costs.
27 April 2019 | 10 replies
So I do know the banker and based on our extended phone conversation:- they lump mortgage and rehab cost up to 80% of the ARV- they portfolio lender is maxed at 8 millions, not 6 loans like my current bank- they dont do appraisal- I close in 3 weeks and I’m switching next week and she said its plenty of time- she only wants 3 year tax return and the rental agreements for my other properties.
Graham Watts
How many strikes before switching property management companies?
27 April 2019 | 2 replies
After a few months with a property management company, they have made a few mistakes: - Forgot to resolve a broken item in the condo for the tenant, with no communication about the fix/progress for over 2 months- Miscommunicated rules of the lease to the tenantWe’ve also received feedback from our tenant that they aren’t very happy with the tenant-side service.
Cameron Riley
Software to store all your home info, from RENT to Expenses...?
3 May 2019 | 22 replies
Taxes is far easier and all that tracking we do is much more accurate and you really only need to check the uncategorized items every so often, of which there are not many after you get to use it more.The point is, it’s easier than it’s ever been but you only get to see that after paying a little and making it part of your habits.
Page Weil
How is DTI calculated and when am I safe to buy another door?
27 April 2019 | 3 replies
If rental income is just another line item on the calculation then I think I can come up with the number.The next related question is what overall DTI does a typical underwriter require for a loan on an investment property or does it even matter if the property is rented and I have a signed lease?
Anthony Broadus
Looking for actual investors
29 April 2019 | 21 replies
I found my first buyer in a fb group, but I believe because there were active contributors to conversations I vetted him as "real deal".
Patrick Philip
Looking for advice for Home Building Contracts with GC's?
29 April 2019 | 20 replies
Owner provided, contractor installed items: supply plumbing fixtures, appliances, and other specialty items.