Mark Smith
Honeywell Thermostat Question
Hello all,I'm closing on my second property tomorrow (woo!). I got a head start on a few things, and I bought a couple of 7 day programmable thermostats; they are Honeywell RTH2510B thermostats. The side of the box ...
Rich Hupper
Qualifying for a multi family investment loan
HelloI am having a hard time understanding how one person can own multiple rental properties that are leveraged. To get the loan for the first property the loan officer is going to require you bring in a 20 to 30 perc...
Jon E.
Buy and hold analysis
Hey all, quick post first post here. Thoughts on this deal? We are focusing on nicer areas in San Antonio and have looked at many houses (40+). It's a seller's market especially in these areas and I don't feel the ...
Lenin Belangonda
home value between 2 appraisals within 2 months
HiI bought a REO property using conventional financing. The appriasal came over the sale price but its still lower than the market value. This is not an issue for current purchase. But if Iam selling it, say within 2 ...
Nicole Smith
Commission and DTI ratios
My husband makes a small amount of commission from his job. It gets paid out quarterly (March, June, Sept and December). Our LO asked for his YTD commission which is $0 because he won't get paid out until late March. ...
Luke Mahan
Alabama Tax Lien. Do I have to wait?
So I got 2 tax liens in Alabama. Everything is assessed in my name. I know that if you buy a lien at the tax sale, you must wait six months after written notice has been served before you can file for ejectment. But i...
Tyler D.
Optimal fourplex setup for low-risk, consistent cashflow?
I am looking to buy my first fourplex with my VA loan, live in it for a year, and turn it into a rental. 0% down at ~3% is excellent and I want to take advantage of it.I'm not looking to take any risks with rehab or w...
Michele G.
Assisted Living Facilities in SFHs
While I have been looking for properties I have come across several SFHs that have Assisted Living Facilities operating out of them. I had didn't realize this was a trend. Some of the listings say the ALF is a tenant ...
Sean MIddleton
Indiana Beginner Rental Rules
I was speaking with a lender and was told that I would not be able to count the rental income toward my income for getting loans on investment properties for 24 months. Is this the same rules for all lenders in India...
Derek Gendig
Tenant Placed Stop Payment On Money Order - Can we do anything?
We recently received a final payment from a Tenant via money order. The tenant was financially problematic for most of their lease to include eviction being filed on them 3 times. Each time, the Tenant was able to c...