I just talked to Columbia Bank and they assured me that they sell all of their mortgages to FNMA and do not hold any in house. They told me they do not know of any local banks that hold any of their mortgages in house...
Hi All,I recently went under contact on my first STR, Yay!The property is already an STR and the current owners have bookings confirmed into July.The closing date is set for March 30th (meaning, I will then take over ...
Hi All,Long time listener and lurker, finally about to pull the trigger and make an offer on my first property (a duplex in a semi-rural town in the pacific northwest).Numbers:Mortgage: $570 (with 20% down, $28,000)In...
I know networking and letting others know you buy properties is one thing you need to do to build a client base persay... But how do you go about it? How to bring it up? What to say? Who to speak to? What limits?
Wh...
Yo freaks my company is currently making a big push into the Short Term Rental business in the Cleveland market. Thus far, our business has primarily been long term buy & holds in the lower income space. Ya know S...
SO I have a rather interest question I think... Cash Flow = income - expenses, and we know you must break down the expenses further, ie. mortgage, insurance, taxes etc. I'm curious however about the budgeted expenses ...
People are talking about the real estate market changing. We know it cycles but how does that effect the buy and hold investors? If the market is going to turn soon how can the market effect properties I've already bo...
I have a friend with a condo in a nice part of central CT. She came to me asking what to do, and I am hoping that some of you can help me, help her. She is very upset that her condo association keeps raising her HOA f...
What are some strategies to establish credibility with commercial brokers for a new REI seeking small multifamily units intending to use business credit for financing?
I am curious to hear anyones horror stories with rental arbitrage! Don't hold back, I want to hear anyones mistakes and try to learn something from them. Thanks for sharing!