Fletcher Clardy
BLOCKCHAIN AND REAL ESTATE???
13 September 2020 | 2 replies
5) I was at a local real estate convention yesterday and yes they will be implementing block chain to streamline repetitive tasks involved in the RE transaction and speed up process..
Jhory Miller
No Seasoning Refinancing
28 March 2020 | 3 replies
I spoke with multiple lenders and none of them can refinance now..Conventional financing won't work, but there are numerous portfolio lenders that would do that with 90 day's seasoning.
Nicholas Weckstein
Strategic financing question
7 March 2020 | 14 replies
Are you trying to go direct conventional first or do you suspect you'll have to start with a hard money loan?
Braden Anderson
Partnering with friend in his first time home purchase?
28 February 2020 | 1 reply
Pros:- Get 50% ownership in another property with VERY little money down (2.5% of the home purchase price) - Not have the mortgage attached to my name, thus not contributing to my “10 conventional mortgages” that I will inevitably get to- Very high ROI on $7500 cash - both is Cash on cash return when rented, and just on loan pay down/equity buildup- Get “into” another rental property without having to have 20% downpayment in cash- Helps my friend get into a house and start building equity sooner than he could himselfCons:- I don’t see any, other than the potential hardships that come with any partnership*Of course there would be a partnership agreement made up with the help of an attorney to make sure all of ducks are in a row.What are your thoughts on this?
Braden Anderson
Partnering with friend in his first time home purchase
2 March 2020 | 1 reply
Pros:Get 50% ownership in another property with VERY little money down (2.5% of the home purchase price) Not have the mortgage attached to my name, thus not contributing to my “10 conventional mortgages” that I will inevitably get toVery high ROI on $7500 cash - both is Cash on cash return when rented, and just on loan pay down/equity buildupGet “into” another rental property without having to have 20% downpayment in cashHelps my friend get into a house and start building equity sooner than he could himselfCons:I don’t see any, other than the potential hardships that come with any partnership *Of course there would be a partnership agreement made up with the help of an attorney to make sure all of ducks are in a row.What are your thoughts on this?
Hugh Carnaha
Diqualified after 10 properties or 10 conventional loans?
4 October 2022 | 5 replies
This was my first purchase and I have zero conventional loans(or any loans really).
Rian Ash
Adding Spouse Back after Quit Claim- More than 10 properties
29 February 2020 | 4 replies
I thought having the properties in my name or in the LLC won't make a difference to the D/I or the number of properties financed via conventional loan limit.Hey @Chris Mason- The properties were cash positive but I have taken a lot of cash-out with the refinances, this provided the necessary capital to buy more properties, which are owned by my wife.
David Bloomer
Small mortgage questions
13 April 2020 | 4 replies
Will conventional loans work for these or will I have to look at other options?
Jessica Sawyer
New to investing. Inherited property in Reno. Advice?
14 April 2020 | 12 replies
If neither of you have w2 or two years of 1099, then you will likely be out of luck for conventional, but still check with your lender to see what you need to qualify.
Darshil Parikh
Why are prices in Round Rock, TX not going up as much?
3 March 2020 | 16 replies
Round Rock has it's own economy due to Dell, Samsung, and a number of tourism opportunities: Dell Diamond, soon-to-be Kalahari (largest indoor water park and convention center in the US), sports complex).