Connor Cushing
Jumping into the St. Petersburg Market to House Hack
1 February 2024 | 4 replies
Just make sure you know the rules for loans with a non-occupant coborrower, as depending on the relation (whether they are a blood relative or not) and the type of loan you plan to use, there can be additional requirements for LTV and DTI.
Sharma Parth
Any local banks in NJ that will offer a HELOC on investment properties?
31 January 2024 | 1 reply
Rates are coming down right now and a cash out refinance offers additional benefits that a Heloc cannot not offer.Heloc cannot be used as an "Asset" or for PITI reserve requirements when buying another REI.Heloc is an open end mortgage aka debt obligation and can cause DTI issues.Heloc is in 2nd lien position which means you cannot borrower more until you pay off the Heloc.Cash out refinance offers a 30 year versus Heloc typically 15-20 year higher rate.
Joseph Lopez
Always have multiple exit strategies built in to your projects
31 January 2024 | 1 reply
We exhausted the details and realized there was no reason not to do so.
Manoj Chavan
Newbee looking to invest in real estate.
31 January 2024 | 4 replies
You may be able to find something an hour outside of Orlando close to the $200,000 price point, but even still you're likely going to need additional funds in order to get into it.
August Kahle
Using remaining VA home loan eligibility after first purchase
31 January 2024 | 3 replies
Hi everybody,I'll try to keep this fairly concise but still detailed enough:A little background- I'm primarily a dividend stock and reit investor who's not overly interested in being a landlord, but I obviously see that it can be affective.
Mike Terry
Looking for input to help me find a finacial advisor who understands REI
1 February 2024 | 12 replies
I'd also add that often times an FA's value that they bring is their connections they have, so that could be CPAs/Attorneys/other professionals that may be well versed in the R/E space as well that they could provide to you.Happy to talk in greater detail if you'd like!
Chris McClellan
Analyzing STR Orlando
31 January 2024 | 20 replies
Do a search here on Evolve and you will find a ton of info.Also, use VRBO in addition to AirBNB for your comps.
Tony Pellettieri
Possible Private Lending solution to a friends HML in default? - Please Advise
31 January 2024 | 10 replies
She planned to leave that small house, put a little work into it, and having it serve as a separate mother in law suite in addition to the newly constructed main house.So far, the first acre has a septic tank, well, and a foundation built.
Audra Richmond
Successful Joint Venture!
31 January 2024 | 0 replies
Added additional bathroom and office space.
Yoni Meth
Converting Single family to duplex
31 January 2024 | 2 replies
what should I check in addition to the regular stuff (inspection, contractor walkthrough, etc.)?