Andrew R.
Interest rates, HELOC, Home Eq Loan, or regular mortgage?
17 February 2016 | 2 replies
Hi, I'm in the very early phase of looking to buy a SFH rental up to 75K. I currently owe 280K on a 400k mortgage at 4% with excellent credit. Considering 3 options to finance the purchase of the rental: 1) HELOC. 2)...
Chris Watkins
How do I buy new home without contingency - sale of current home?
23 February 2016 | 17 replies
Both of those seem more "complicated" than a clean conventional financing offer without the contingency of your current home selling.
Jerry Langley
Zero or negative interest rates. Upcoming recession?
4 April 2016 | 5 replies
Have those cash reserves ready so when we hit another bump you can clean up on those people that made poor decisions.
Brett Fitzgerald
Starting a property management company
19 February 2016 | 13 replies
Are there any expenses that a property management company commonly incurs during the rental (eg, cleaning between renters, marketing, etc.) or are these usually all passed on to the owner?
Arthur E.
FHA Work Orders - Do bathrooms have to have outlets? [Wisconsin]
20 February 2016 | 9 replies
Disclaimer: I am not a professional electrician.Yes, you have to provide a GFCI outlet in a bathroom.For new construction, I think the bathroom has to be on its own 20 amp circuit, but I'm not sure that's always been the case; it may have been 15 amps in the past.Like @Donald Howaniecsaid, you can get a combination GFCI and switch that fits in the space of one "regular" switch or outlet.
Johnny Kang
Repositioning
7 September 2021 | 29 replies
Most of the time they will pay, but offer some type of value, whether it be a carpet clean, paint, or cleaning the exterior of the propertyGino
Andrew Nelson
what is the process to get a property section 8 approved?
25 February 2016 | 10 replies
(google search)understand you CANNOT ask extra rent beside the approved amount, and sometimes the voucher may include utilities which means the $1,400 on the voucher may be 250 for utilities and 1,150 for tenant portion + hud.also depending on tenants changing financials and family changes, the % amount paid by hud and tenant may change over time.i would give a call to local office and also find fellow landlords in the area already working with section8 to network with.you want nice,clean, durable but not very base level. section 8 tenants usually have choices so DO NOT BE A SLUMLORD.you are a nice professional provider of quality home solutions for nice tenants!
D.Y. Lee
New investor member from Allen, Texas
3 November 2016 | 10 replies
There are at least 5-6 real estate investing groups in DFW that meet on a regular basis, although some seem to be more about single-family investing.
Lauren Brown
Is My Math Accurate? Houston Deal Anaylsis
6 March 2016 | 17 replies
Except you may have to evict on a regular basis, which reduces the net.Tenant Selection Criteria=The kind of tenants in low class property open the door for way more issues beside just the numbers.The only time I buy property in a low class area is if the ARV (Equity has to be substantial) and the cash flow on only 50% of the units meet my ROI. ...and on a side note, as a Property Manager, you will be charged more than 10% on Class D units (Either in the monthly percent charge or in fees: Trip Charges, Evictions, Make-Ready, Maintenance, etc.)