
29 August 2024 | 2 replies
I have a question though, with no experience as an employee, is it still reasonable to get my first property by Summer of 2025?

28 August 2024 | 9 replies
You have no real control over macro economic issues over the long term, which will have a higher level of impact on your building value.

28 August 2024 | 11 replies
Also, when the minor child reaches the age of majority, asdefined by the law of the State or Indian tribe in which the reporting company was created orfirst registered, the exception no longer applies.

27 August 2024 | 2 replies
In other words, the adjusted rental income (75% of the gross rents) must be sufficient to cover the total mortgage payment of the property.Example of the FHA Self-Sufficiency Test Calculation:Gross Rental Income: Assume the appraiser estimates the total gross rental income from all units is $4,000 per month.Adjust Rental Income for Vacancy: Multiply the gross rental income by 75% to account for vacancies and maintenance costs.$4,000 x 0.75 = $3,000Monthly Mortgage Payment: Assume the total monthly mortgage payment (PITI + MIP) is $2,800.Result:Since the adjusted rental income ($3,000) is greater than the monthly mortgage payment ($2,800), the property passes the FHA self-sufficiency test.Importance of the Test:The self-sufficiency test is crucial for borrowers looking to finance a 3- or 4-unit property with an FHA loan.

28 August 2024 | 32 replies
@Marquis CobbUnfortunately a lot of those trainings will sell you on raising money and finding a sponsor is easy, and unfortunately it is not, especially with no experience.Keep networking and hopefully you find something

27 August 2024 | 2 replies
I used a very user-friendly template site, Point2Agent, but they no longer do sales and now only focus on rentals.

26 August 2024 | 73 replies
Not based on a hunch or suspicions no.

25 August 2024 | 61 replies
Excavation is very costly!!!

27 August 2024 | 4 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

28 August 2024 | 2 replies
Originally had an order in for 3x 8' culverts that would be roughly $547 each because no one had them in stock.