John Morgan
Should I focus on rental or continue pursuing other investments?
4 December 2017 | 4 replies
Once I became established in rentals I diversified to increase my profits and limit my risks.
Justin Dias
Security and Last Month's Interest Payment
20 March 2018 | 11 replies
According to the mass Landlord / Tenant laws: "On the anniversary date of the tenancy, you must send the tenant a statement of the interest owed with a check for the interest, or you must notify the tenant that s/he may deduct it from the next rental payment"Sorry if I'm talking in circles, I'm just trying to understand if there's anyway I can remove myself from this process while at the same time making sure the tenant gets their interest in the form of a check every year...
Anirudh Goel
Financing 2nd property have HELOC from primary, DTI concerns
13 March 2018 | 6 replies
Now here comes the kicker, the lender is suggesting me to reduce the HELOC limit so that i look good on the DTI.
Jonathan Boyd
What to do: 3 days left and tenant hasn’t packed
16 March 2018 | 14 replies
Other side knew through our limited conversations and the advisement of the PM that they’d probably need to leave as well.
David Santore
Owner Occupy Duplex, unsure how much to insure
13 March 2018 | 7 replies
You can then set the buildings insurance limit to that limit.
Tyler C.
The struggle is real...
23 March 2018 | 38 replies
NACA has extra hoops to jump through but there’s no income limits and there’s no closing costs or down payment.
Samuel Melgar
seeking recommendation for a brokerage
13 March 2018 | 4 replies
Small brokerages are not interested in you as their activities are limited.
Rivy S.
How do wrap around mortgages affect my DTI
14 March 2018 | 6 replies
Banks will typically limit you to 4 houses before they cut you off.If you do things the way I do them by using "Subject To" to buy the properties, you get in more cheaply and there is no bank to cut you off so you can do as many of these as you care to.
Brandon Purdeu
FHA minimum hold time
14 March 2018 | 6 replies
HowdyI'm surprised the buyer's lender didn't catch this right off the bat.The contract needs to be dated on the 91st day, to meet the FHA Guidelines.Unless guidelines have recently changed this is the rule.Good Luck.
Chris P.
To pull the trigger or not
28 March 2018 | 8 replies
@Michael Pears I understand the capital tied up in the properties and that limiting me from purchasing other deals in the immediate future, however, the cash flow that these three units are producing, I would need to put at least as much if not more capital into three or more other properties to get the same amount out.