Laura Winegardner
Brainstorming Creative House Hacking Scenarios in Nashville / Middle Tennessee
16 February 2024 | 6 replies
My 10-year goal is to own and operate 2-4 short-term rentals in lake-based vacation destinations and provide add-on hospitality services to further my mission and cash flow.
Jon Dorsey
Septic System Tank Insurance??
16 February 2024 | 5 replies
What I would do is have something in writing as part of the offer that my bid is based on the systems in working order (or some estimated life span left)We will spend $30k to inspect them all and if any are deemed required to be replaced we will credit X at closing.
Laura Lewis
DSCR Home Loan
15 February 2024 | 9 replies
The exact rate can vary based on the lender, the borrower's creditworthiness, and the specific property.
Jordan George
Rental Property Investing - US vs Canada
17 February 2024 | 16 replies
I chuckle these days when I have friends mention a Canadian "ghetto".The barrier to entry (housing prices) would be the biggest factor in my opinion and therefore you'd need significantly greater capital to get started compared to the US.I had done some personal research in the past regarding investing in the US as a Canadian and you could do it from both ends:Canadian using a Canadian bank to finance a US property (think retirees buying places in FL or AZCanadian using a Canadian based bank that now has a foothold in the US (ie, TD, RBC, even Scotia)Canadian using a US bank to qualify for a property - clearly more work and have to talk to the right places.I won't get into my opinions of the housing market back in Canada in general, but opportunities will present themselves at all times...I just think you'll spend a lot more time and energy having to pursue it and garner a significant amount of capital to get started.
Schuyler Covert
How To Start With No Money
16 February 2024 | 8 replies
This is the base of your pyramid.
Michael Hernandez
Starting out in real estate
15 February 2024 | 3 replies
A loan option you could look into that will potentially preapprove you for more is a DSCR (Debt service coverage ratio) loan, which is based on the rental income of the investment property you are looking to purchase, instead of based on your personal income for a conventional loan.
Paul Xiong
HELP WITH LOAN OFFICER
15 February 2024 | 17 replies
HI I am a travel nurse who make about 86000 was told by my loan officer that because I am technically a contract based employment that she couldn't help us for another 2 years.
Audrey Blotz
To sell or continue renting…please help!
16 February 2024 | 9 replies
@Dave FosterMy interpretation is that she lived in the house for atleast 2 years but it is unsure based on what she mentioned.Mentions purchased in 2020(not sure what month)mentions rented for a little bit over a year(not sure when it is started to be rented out)
Danny M.
Question On Finding A Real Estate Agent
15 February 2024 | 15 replies
In many instances, the disconnect stems from how a phone call is framed.
Jad Alomari
Section 8 landlords… help.
15 February 2024 | 3 replies
You can't just assume a certain percentage based on the purchase price.A LOT of people get into trouble with the property tax side of things.