Matthew Metros
50% Rule: Does this apply to Small MF (2-4 Units)
24 December 2020 | 5 replies
@Matthew Metros I usually use 50% for the initial "sniff test."
Phillip Gilchrease
New Real Estate Agent
27 December 2020 | 14 replies
Ask your broker if you could take over orphan leads from the brokerage of agents who have left.Good luck....suggest taking the prep review class before you take the test.
Kevin Keresztes
BRRRR Insight Canada (British Columbia)
2 March 2021 | 1 reply
The stress test was also another factor making it harder for the bank to lend.Rather than locking away all that equity in the DP on a buy and hold, I am now interested in trying the BRRRR method; however, I am worried that during the refi the ARV will make it unsustainable to the bank if I cannot achieve the high rents they require to make the mortgage work under the stress test.I know there are lenders out there that would be easier to work with on a BRRRR, but the Big 5 bank rates are very attractive right now.Also, are there lenders out there that would finance the initial purchase and then allow for a refinance say, 6-months later after the renovation and tenants are in place?
Alan DeRossett
SEC increases the Crown Funding maximum to $5 million
20 June 2021 | 11 replies
hope it helps I have an onboarding call with StartEngine on Jan. 27, 2021, for another project doing a Testing the Water stage with them.
Jason Polykoff
FHA vs. 5% Conventioal
15 January 2021 | 13 replies
A conventional loan requires me to put at least 25% down for a 4-plex (owner-occupied or not), but with an FHA loan, one can put as little as 3.5% down (provided that it meets the FHA's self-sufficiency test).
Franky Davis
Do I need a real estate specific accountant?
3 January 2021 | 7 replies
Bad advice here would be dangerous, not unlike your profession.Here's some intro into RE Pro status:https://www.biggerpockets.com/blog/real-estate-professional-status-save-money-on-taxesHere're some old threads discussing how to select a tax expert:https://www.biggerpockets.com/forums/51/topics/795929-questions-to-ask-a-potential-accountanthttps://www.biggerpockets.com/forums/51/topics/792277-how-to-test-your-cpas-technical-competencehttps://www.biggerpockets.com/forums/51/topics/528033-must-ask-questions-when-interviewing-a-cpa
Patrick Ford
Rogue Appraiser for VA loan
29 December 2020 | 15 replies
It only requires GFCI plugs within 6 feet of a water source.You can buy a GFCI plug-in testor for less than $10 at Home Depot:https://www.homedepot.com/p/Ga...Go buy one and do your own test to make sure they are all wired correctly.
Tim Miller
Zillow weekly charge = No Value Add
25 May 2021 | 8 replies
Most (including me) freaked out a bit about this change but in the end, after doing the research and testing, no loss at all not using Zillow or Zillow related sites.
Valentine Antony
New construction in Joshua Tree
26 December 2020 | 0 replies
My understanding is, you need building plans and soil test to get your permit.
Zhitao Cao
Is Texas too hot to make sense for investors?
3 January 2021 | 34 replies
I just test drove an offer in Austin yesterday.