I've been following the forum for the last few months. I have been looking to make the jump from SFRs to MF and researching and analyzing "potential" deals very diligently.I have found what I would consider "a perfec...
If I own a home, why would I agree to finance the buyer and have the buyer pay me monthly payments instead of having the buyer go to the bank. How would I, as the seller, protect myself against the buyer defaulting o...
I am looking to do my first deal in the next year to start my REI career. I am planning to purchase a single-family home to house hack for a year then move into a 2nd property while renting out the 1st. My questions ...
my two business partners and I just closed on a duplex. the plan is to house-hack. two of us will be living there as a primary residence but the third person will not be there. however all three of us are on the ti...
We're evaluating a deal that involves a Section 8 tenant already in place. We've read that the government will guarantee up to 70% of the rent on behalf of the tenant. However, I do know that Section 8 has a bit of a ...
Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...
I know there are a variety of screening practices used by landlords and property management companies. Personally, I follow this standard for every application I receive:
- Income of at least 3 times the monthly rent...
I am new to real-estate investing. I have a tenant who immediately upon moving in told me she did not have money to pay the rent and applied for ERAP. She was approved and I have been paid but payment is consistently...
Doing some research based on the latest data we collected from the market and wanted to share it with the community.
If you are looking at the cash flow, you might find it helpful.
The first chart is data for D...
So I applied for a FHA 203(k) loan and was pre approved for $325K I only wanted $250k. So after giving the lender all my documents upon first visit I waited a couple days for a rejection or pre approval. Great I was p...