Jeff Chisum
Three Pieces of Misinformation
18 January 2024 | 8 replies
Here are the issues with condotels when it comes to Fannie/Freddie: https://selling-guide.fanniemae.com/Underwriting-Property-Pr...
Mike Savegnago
STR HO INS carriers?!
18 January 2024 | 9 replies
I reached out to all these carriers and it must be an Illinois state issue because no one wants to insure this property as an STR.
Pamela Maduro
What are must have software/apps
17 January 2024 | 20 replies
You want to make sure it integrates with your accounting software, for eg Dext or Hubdoc - Communication: all in one place CRM with your team
Axel Meierhoefer
Where are the best BTR deal hiding?
18 January 2024 | 6 replies
I personally think that most people would appreciate inherting a bunch of SFH's but they may be overwhelmed, especially if they don't have experience with real estate.I think seller financed notes would be better to hand off or investments in bonds / securities.Inheriting real estate has issues such as1) What is the value of this real estate?
Dan Bardar
Parent death and house in name of estate
18 January 2024 | 3 replies
This would be a way for her to live there for the rest of her life and not have to worry about a mortgage.There are three issues.
Jeremy Porter
A Comprehensive Guide to Tenant Screening: A Property Manager's Perspective
17 January 2024 | 3 replies
By upholding these principles, landlords can create a rental process that is both legally compliant and respectful of the diverse backgrounds of potential tenants.Communication with Landlords:Transparent and open communication is absolutely essential throughout the entire tenant screening process.
Daniel Vanhala
Are DSCR Loans Assumable/Transferable?
18 January 2024 | 7 replies
The issue is getting access to the promissory notes to see if they have such a clause.
Account Closed
Selling vs renting
18 January 2024 | 4 replies
if so, best to sell and take the capital gains (which is roughly your sales price minus your purchase price, nothing to do with your loan), most likely tax free.If its not your primary, and hasn't been in the last 2 to 5 years, then another option is to 1031.So, you can see the key issue is the actual capital gains in your current property, and if its a primary or rental property.
Wangyu Her
Wangyu Her-New To Real Estate Investing
18 January 2024 | 5 replies
You pretty much need to find a distressed property and/or a motivated seller who wants to sell their home due to personal issues and then find a buyer and close the purchase and agreement contract.
Alex Odom
Loss of Rent Insurance when property is vacant??
18 January 2024 | 3 replies
As I would have been able rent them out and receive income and now it's going to be at least another couple months of construction..Any insight would be great.Thanks, If you purchased proper insurance that indicated the duplex was vacant and under construction it's unlikely "loss of rent" would be included in such a policy since there is no rent unfortunately.If your insurance didn't indicate the property was vacant and under construction that could be another issue altogether but you didn't actually have any lost income so coverage would not likely apply.In general, it's ultra critical to speak with your insurance agent about vacancies as related to insurance before a claim.